EUR/USD found support at 1.0350 several times since mid-December. However I would not trust this support to provide any bullish outlook. The reason is pretty simple and basic - we have a failed bullish attempt in a bearish market. It looks like bears are still in charge.EUR/USD 4H Chart 1/4(click to enlarge)Prevailing Bearish Trend:- First of all, we should note that the prevailing trend is bearish.- Furthermore, the 1.0480 area was a critical support that went back to 2015 (see in weekly chart). - Basically the bearish trend is intact.Breakout Attempt:- Since mid-December, price has been consolidating sideways.- Then, we saw a bullish pop right around the end of the year. - Price went to test a previous common resistance around 1.0650 and was rejected.Cracked Support:- Price then fell right back into the consolidation range and is now cracking the range support.- Now, we are seeing some buying from this 1.0350 support area, but I do not have faith in this rally. - I think there is further downside in EUR/USD with the 1.03 handle as a possible next target under 1.0350 in the short-term. EUR/USD Weekly Chart 1/4(click to enlarge)