EUR/USD fails to cheer greenback weakness, stays depressed around 1.1310 during the initial Asian session on Friday. While portraying the sober mood of the major pair traders, the quote remains below 200-SMA for the first time in a fortnight amid bearish MACD signals, suggesting further declines. However, the 61.8% Fibonacci retracement (Fibo.) of November-January upside and a two-month-long rising support line, respectively near 1.1300 and 1.1280, become the key challenges for the EUR/USD sellers. Should the quote breaks 1.1280, it becomes vulnerable to retest the year 2021 bottom of 1.1186. During the fall, 1.1230 ... (full story)