EUR/USD: technically bearish still post ECB - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD pair fell down to 1.0915, a stone's throw away from the post-Brexit low of 1.0910, after the ECB's economic policy meeting. 

Key Quotes:

"The pair bounced modestly from the mentioned low, but so far has been unable to recover above 1.0950, July's low and the immediate short term resistance, still looking quite vulnerable according to intraday technical readings and pointing to test the base of the wide long term range between 1.0840 and 1.1460."

"Seems unlikely the pair could break below the 1.0800/40 region without a major catalyst, but is possible that the region will be tested during the upcoming days. Technical readings in the 4 hours chart maintain the risk towards the downside, as the price was unable to settle above a still bearish 20 SMA, while technical indicators have barely bounced from oversold readings, without real strength."