#EURUSD correction oversold and bearish continuation

FX:EURUSD   Euro / U.S. Dollar
According to oversold levels evidenced in both the MACD and RSI , in the coming days are likely to see an upward bounce with resistances between the average of 20 periods and the average of 50 periods (which coincides with the upper bollinger band ) and then continue the downward trend in the medium term this the wake of the next key data in the euro area: the euro zone CPI on Friday; PMI manufacturing, confidence index and change in unemployment data in Germany on next week; ends meet Eurozone CPI again. After continuing the down bearish trend in principle should reach to support in the upper bollinger band (1.04949) and previous low (1.05192), breaking this level the next target will be the support of 1.03330


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