EUR/USD: technical analysis 29.05.2019 Current trend On the 4-hour chart, the instrument is moderately falling along the lower line of the Bollinger Bands. Now the EUR/USD pair is trading below strong support level of 1.1169 (Murray [4/8]) and may aim for the 1.1154 (Murray [3/8])-1.1138 (Murray [2/8]) support-zone. Should prices continue slipping under 1.1138, the levels of 1.1123 and the 1.1108 might try activating a upward rebound. If the “bulls” manage to raise the rate above the level of 1.1184 (the middle line of Bollinger Bands), the correction can continue to the area of 1.1200 (Murray [6/8])-1.1215 (Murray [7/8]). Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are diverging, reflecting the active development of the current downward dynamic. MACD is slowly growing in the hegative zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation. Support and resistance Support levels: 1.1154, 1.1138, 1.1123, 1.1108. Resistance levels: 1.1169, 1.1184, 1.1200, 1.1215. Trading recommendations Short positions can be opened below the level of 1.1154 with the target at around 1.1138-1.1123 and stop-loss 1.1164. Long positions can be opened above the level of 1.1184 with the target at around 1.1200-1.1215 and stop-loss 1.1174.