EUR support on daily chart

  This daily chart shows the Eur/Usd exchange rate. On the 25th the Dollar gained one figure and found resistance slightly above 1.37 where the short term moving average is acting pro Euro. Volatility is contracting and the oscillator is down a bit, just below the zero line.

Right now Euro found support on the shorter moving average at 1.3720: we are probably going to see within short wether or not it is going to resist. The wide distance between the two averages is in my opinion  a bearish factor.

If so, then where next? Lower Bollingr Band, at 1.36 is probably the next target. Breaking it would likely mean the reaction from the high is going to be deeper and longer lasting.