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EUR/USD retains its bearish stance heading into the Asian opening, below its 100 SMA in the daily chart for the first time in 3 weeks. On shorter term 4 hours chart, the risk also leans towards the downside as price has fallen further below its 20 and 100 SMAs, with the shortest gaining downward traction above the largest, as it continue to near oversold territory. 1.1820-30 region is now the immediate resistance ahead of the 1.1870 price zone where selling interest capped the upside at the start of the week. Recent poll shows analysts expect EUR/USD to rise to 1.22 in 12 months time vs. 1.20 in the Nov’17 poll. Six months down the line, the EUR/USD is seen trading at 1.18
