EURUSD TP 1.1570EUR/USDOANDA:EURUSDXTrendSpeedOn the 4-hour chart, EUR/USD is trending lower in a choppy manner, with the bearish trend currently dominant. The price is currently trading below the descending trendline; in the short term, attention should be focused on the resistance level near 1.1690. Should a rebound encounter resistance at this level, short positions could be considered. On the downside, support is located near 1.1640; a break below this level would likely see the price head toward the 1.1570 area.