EUR/USD Technical Analysis: Near-term support from 1.1330 holding for now

• The near-term EUR/USD chart is seeing stiff support from the 1.1335 region, where the pair bounced late last week, but the upside continues to remain limited as selling pressure keeps the Euro firmly pinned to key levels aimed towards the downside.
• EUR/USD Forecast: Deja-vu dead cat bounce with Italy's stagnation exacerbates the situation
• EUR/USD faces a hard-cap at 1.1390 on any recovery attempt – Confluence Detector

EUR/USD, M15

• Moving further up the timeframes, the Fiber has seen a notable slowdown in downward momentum, rupturing a descending near-term trendline, but a lack of broad-market risk appetite is spoiling any attempts at a bullish recovery.

EUR/USD, H1

• Looking to the H4 candles, the EUR/USD continues to see play in a descending channel, and while the last swing low is currently marking out a support zone, long-term short action sees the Euro setting up for another leg lower as the Greenback remains well-bid in the fx space.

EUR/USD, H4

Don't forget to check out FXStreet's live chart for instant updates on what's happening with the EUR/USD!