• AUR/USD bears eye a trip to the 38.2% ratio for the coming sessions 
• Bulls need to hold the fort on the hourly time frame. 

EUR/USD bulls have been trying to hold the fort but the downside is opening up, slowly. The US key event in the Consumer Price Index will be critical in this regard and it could be a slow grind into the event at this point. Nevertheless, there are bearish short-term structures that are noted on the hourly chart that guards the bigger picture's downside prospects as follows:

EUR/USD daily chart

The bears look for a move to the old resistance looking left which has a confluence with the 38.2% ratio near to the 1.1350 level. From a lower time frame perspective, the bears can look for bearish structure as follows:

EUR/USD H1 chart

A break of the trendline support and should te horizontal support around 1.14 the figure proves robust on a retest, 1.1330 is a compelling hourly old swing high that could be targeted.