EURUSD: Bearish MomentumEUR/USD, trading at 1.07306 in the 4-hour timeframe, hovers near the lower Bollinger Band, suggesting a potential for correction towards the mean at 1.07511. The RSI at 44 indicates bearish momentum, while the MACD, below the signal line, suggests potential waning of the downward momentum. The market leans towards a short-term bearish bias, yet proximity to key Fibonacci retracement levels and the lower Bollinger Band hints at possible support, anticipating a consolidation phase before a clearer direction is established.2/14/20241 min read