EUR/USD bears have been in control on Tuesday and taking on critical support structures
The EUR/USD pair trades around 1.1700, down for a second back-to-back day. The day-by-day chart shows that the danger stays slanted to the disadvantage, as the pair continues to create far under a negative 20 SMA, which meets with the half retracement of the August/September advance. The 61.8% retracement of a similar convention gave obstruction last week at 1.1755.
Furthermore, specialized pointers stay inside adverse levels, with the Momentum level and the RSI traveling south at around 38, indicating another leg south. Right now, EUR/USD is trying to break beneath the critical resistance of 1.17. Its next support zone is at 1.16300 and the following resistance zone is at 1.17600. Search for momentary selling chances of EUR/USD on the off chance that it breaks beneath the vital resistance of 1.17.
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