EUR/USD: the euro may fall backwards in the short term (Natixis)

Natixis suggests that the upward bias of the EUR/USD may be mitigated during the next few days:

"In the next few days, the pair is likely to "breathe", as the stabilisation of daily volatility - and the fact that the daily indicators are turning around and the weekly stochastic is overbought - indeed points to limited upward potential. As a result, a reversal is expected to occur around 1.0824 -1.0843.

We will be cautious as a decline below these thresholds would suggest a deeper correction to 1.0773/80 (9-week moving average), 1.0688-1.07 (Bollinger's weekly moving average), or even 1, 0639 (weekly parabolic indicator). Note that a drop below this latter support level would affect the upward bias.

The resistance levels are at 1.0940/51, 1.0985/1.10, 1.1051/74, 1.1130 and 1.1220 respectively."