FXStreet (Guatemala) - EUR/USD is opening with a bearish gap post the Paris atrocities where 129 people were reported killed by Islamic terrorists on Saturday evening. This will weigh on the EZ in respect of confidence in an economy that is already under pressure and although not all ECB officials favor more asset purchases, Draghi has continued to play up the downside risk that were materializing in a call for extending their QE programme before the end of the year. Coupled with a stronger dollar as we approach the last FOMC this year and a meeting where the markets are pricing in a rate hike and the normalisation of their interest rate policy, there is a bearish bias and analysts at BBH have a near-term objective of $1.0525-$1.0550. EUR/USD levels Moreover, technically, Valeria Bednarik, chief analyst at FXStreet explained, and according to the daily chart, the pair has barely corrected the extreme oversold readings reached after the release of US employment data a week ago. "In the same chart, the Momentum indicator aims higher, but remains below its mid-line, whilst the 20 SMA has extended its decline below the 100 and 200 SMAs, and remains far above the current level, all of which supports the ongoing bearish trend. In the 4 hours chart, the price has been moving back and forth around a horizontal 20 SMA, whilst the technical indicators head slightly higher around their mid-lines, lacking upward strength. Selling interest has contained advances in the 1.0800/10 price zone, yet even some follow though beyond the level won't affect the trend, as only a recovery above 1.1000 will mark and interim bottom under way." For more information, read our latest forex news.