On Monday, the EUR/USD currency pair reversed south from the 1.1900 level.
It is likely that the exchange rate could be pushed down by the 55-hour moving average near 1.1855. In this case the rate could face the support area formed by the 200-hour SMA, the Fibo 61.80% and the weekly S1 in the 1.1689/1.1745 area.
If the predetermined support holds, a reversal north could occur, and the currency pair could try to exceed the given resistance. Otherwise, the pair could decline to the 1.1650 mark.
