The EUR/USD fell from its resistance on a 4 hour time frame. This resistance zone was given in our analysis on the 17th of December. The price did break the 100 day (shown in yellow) moving average and now trading near this average which is acting as a resistance. Moreover, the pair is also trading below the 50day (shown in green) moving average which confirms that the bulls are losing their control and the bias could be still to the downside.
The RSI is trading in line with the price action which means that the bias could be to the upside.