The #EURUSD pair bounced from the mentioned low ahead of the London fix, heading into the Asian opening trading in the 1.0970 region. The pair retains the #bearish stance, with an upward corrective movement only likely if the pair firms up beyond 1.1000. Now, it is trading at 1.0934. In the meantime, the 4 hours chart shows that the 20 SMA continues accelerating south below the larger moving averages and well above the current level, while technical indicators have stalled their slumps, but remain within extreme oversold levels. The #risk is skewed to the #downside, with the decline seen extending on a break below the mentioned daily low. Support levels: 1.0955 1.0920 1.0890 Resistance levels: 1.1000 1.1040 1.1085