Supported from a technical and fundamental point of view, the EUR/USD pair is on a down trend.
Fundamental point of view:
Yesterday Janet Yellen, head of the Federal Reserve had pointed that rates will likely to go up later on this year, signal satisfaction from the US labor market.
Earlier that day, US Producer Price Index (PPI) improved to 0.4% beating analysts’ expectation of 0.2% increase. Today the Greek parliament approved the bailout agreement that will keep the country in the Euro zone. Parliament approved austerity measures for receiving an aid of 86 Billion Euro.
Technical point of view:
The pair is below 20 MA on daily chart, RSI indicator is on 40. In terms of support levels, on 30 minutes time frame, the price is below 1.0919 level. This level acted as a support line since July 7th,