EUR/USD was in bullish trend when we did our last technical analysis in February 19, 2014. It was discussed in previous analysis that EUR/USD can start its downward move if it manages to break initial support line. Finally this pair was successful in crossing down the support line and started its walk towards 1.3656 that we mentioned as second support. EUR/USD held its second support for the time being. Bears took control over price and making their trend stronger with every next candle on chart.
The slope of movement of this pair is currently -79 degree downward as compared to +38 degree upward on last day of our analysis. It is indicating a very well-built strength of bearish trend over time. Bears have strong control over the price of this pair at this time and they are trying to get maximum benefit using their current strength. Current trend with -79 degree can be termed as strong bearish trend that will take some time to convert into bullish trend in absence of any strong bullish news.