Forex: EUR/USD faces prospects of 1.3250 decline - Fan Yang

EUR/USD continues to hardly find bids in a low-volatility Asian session, stuck just below 1.3380 former support now turned resistance, and with two consecutive closes below the 20-day EMA, the pair starts this week facing the prospects of "further room to fall toward 1.3270, likely reinforced by a rising trendline going back to Nov. 2012" says Fan Yang, chief technical strategist at FXTimes, and independent analyst at FXstreet.com. According to the analyst, only above 1.35 "will be likely neutralize the recently short-term bearish trend", yet a regain of 1.36 is likely needed "before consideration of a bullish outlook" he adds.