The EUR/USD pair has broken its support zone on a 30 minute time frame as predicted. This represents a clear weakness for the price action and the bias could certainly be to the downside. The pair is also trading below the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which confirms that there the bears are in full control. The volatility for the pair is also low as the price is also trading within the Bollinger band and close to its 20 day moving average.
The RSI is showing a clear sign of deflection which means that the price is making the lower while the RSI is not confirming the same. Therefore, the bias could be to the upside based on the RSI indicator
Important Levels
Resistance Levels
1.3599-1.3567 Major
1.3518-1.3490 Minor
Support Zone
1.3189-1.3165 Minor (Broken- not Valid)
1.3073-1.3048 Minor
1.2861-1.2835 Major