EUR/USD Slightly Lower is a little lower

The pair of EUR/USD lost some ground and the price is back below the 100-hour MA (red line).

In reality, the price levels have been into consolidation around the level of 1.1200 and has been pivoting around the 100-hour MA.

The pair changes hands at $1.1163, which is a loss of 0.00340 or 0.30% from the previous close of 1.11979. The daily range is from 1.1162 to 1.1211, while the trading volume is 49.905K.

In fact, the common currency has formed a solid candle stick on weekly basis.

Taking that into account, most likely the market will further register a pressure above those marks. It is a possible scenario, to witness a shift  towards the 1.11 EUR level in the near-term.