EUR/USD risks declining from up-trend

EUR/USD is now placed near the upper edge of the bullish channel pattern in the daily chart. This resistance, at 1.1370, is accompanied by the weekly R1. From here a slide is possible over the next 24 hours, as the bears are watching the monthly R3 at 1.1246 as immediate target, followed by the monthly R2 at 1.1115. Alongside, a spike above the three-month uptrend will expose the Sep high and weekly R2 at 1.1460 and 1.1504, respectively. Signals among technicals remain mixed, as daily ones are bullish and weekly studies are mostly on the "sell" side. 

The share of bulls went up to the highest level in five working days of 42%. Alongside, commands in both shorter and longer-ranges are equally divided between the long and short SWFX traders.