I am still a bear on this pair as I still see the downward momentum continuing.
The EUR/USD tumbled down to trend line support following comments from the Fed’s Harker that a rate hike at the March meeting should be left on the table. The exchange rate fell to support near an upward sloping trend line that comes in near 1.0535. Resistance on the currency pair is seen near the 10-day moving average at 1.0619