The EUR/USD pair bounces from a fresh daily lows in the 1.0810 area ahead of the US opening, as the dollar was broadly higher across the board, ever since the day started. Early in the day, Germany released its monthly inflation figures for March that met expectations, down to 0.5% monthly basis, whilst in the US, Personal consumption figures grew less than expected in February, up 0.1%, despite Personal income surged 0.4%. The EUR/USD pair maintains a bearish short term tone, as the 1 hour chart shows that the price develops below its 20 and 100 SMAs, whilst the technical indicators present tepid bearish slopes below their mid-lines. In the 4 hours chart the price holds below its 20 SMA, while the technical indicators stand in negative territory, albeit flat at the time being. Renewed selling interest that drives the pair below 1.0790, should lead to a steadier decline, eyeing 1.0710, the 23.6% retracement of the latest daily fall. Support levels: 1.0790 1.0755 1.0710. Resistance levels: 1.0865 1.0910 1.0950