Looking at the EUR/USD weekly chart above we note that the currency pair was bearish for the week. As mentioned last week, the consideration of the 1.3680 region is important and indeed so, it served as a resistance. Together with the pressure of the middle bollinger band, bearish pressure overwhelmed the currency pair.
While we have the middle and bottom bollinger bands as reference for the upcoming week, the current region 1.36 is also a crucial line to monitor. It is likely to function as an immediate support and resistance level.