The hegemonic currency lost ground against the Greenback on Tuesday, extending its retreat from a 1-month high struck on Monday at 1.4576 on widespread Dollar strength amid risk aversion. However, after the Asian session 90-pip slide, EUR/USD bottomed out at 1.4459 and has spent the last trading hours consolidating in a tight range right above that level. At time of writing, EUR/USD is trading at the 1.4470 area, where it records a 0.46% loss on the day. The EUR is falling against the USD for first time in 7 days. Technical studies show that supports are seen at 1.4449 and then at 1.4405 which is the 55DMA, followed by the 10DMA line at 1.4364. On the other hand, resistance levels are seen at 1.4564, 1.4655 and then at the 21Day Upper Bollinger Level at 1.4693.
