Short Term Top Was Formed in EUR/USD

Trading in the pair is neutral. Pivot points are at: (S1) 1.1702; (P) 1.1796 (R1) 1.1863.

A short term top is formed at 1.1908. Trading below minor support 1.1727 will back to the downside for 38.2% retracement of 1.1119 to 1.1908 at 1.1606.

The pair has created a bottom at 1.0339. Overcoming of 55 month EMA will align the key fibonacci level at 38.2% retracement of 1.6039 to 1.0339 at 1.2516. Growth from 1.0339 is sustained, but long term uptrend is unlikely. Firm resistance from 1.2516 might bound the upside.