EUR/USD Technical Analysis: Early Wednesday buyers should watch out for falling bears

• After the EUR/USD's fantastic decline on Tuesday, the pair is seeing a mild bounceback into the 1.1385 region, though major intraday resistance rests at the 38.2% Fibo level of yesterday's contraction sits in confluence with the 1.1400 handle.
• EUR/USD Forecast: Overnight slump leads to a bearish bias ahead of EU's response to Italy

EUR/USD Chart, 5-Minute

• With the EUR/USD tracking back into previous swing highs, the pair runs the risk of descending into old bearish territory if bidders can't keep the price over the 1.1350 region.

EUR/USD Chart, 30-Minute

• The 4-hour candles show the Fiber making a rough rejection play off of both the 38.2% Fibo retracement level at 1.4445 as well as the 200-period moving average resting at 1.1430.

EUR/USD Chart, 4-Hour