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EUR/USD Maintaining Bearish Outlook in the Near-term

Since last Friday, EUR/USD fell a high of 1.3411 to 1.3242. The 1H chart shows that this trend is still in play. Price may have cracked this week's falling trendline when it rebounded to 1.3288, but since then, price has stalled. Also, other bearish signals in the 1H chart are still intact.
1) 200-, 100-, and 50-hour SMAs are in bearish alignment, sloping down, and has price trading below them.
2) The 1H RSI stalled at 60 and stayed south, showing that bearish momentum in this time-frame is maintained.

A break below 1.3270 would clear a local support pivot, and more importantly a near-term rising trendline formed during the 8/21 session. Price might first stall at the 1.3260 pivot as well, but the bearish outlook would be dominant at that point.

(EUR/USD 1H Chart 8/22)

If price breaks above 1.3288, watch for sellers again around 1.33. A break above 1.33, with the 1H RSI pushing above 70 would then introduce a neutral to bullish outlook in the short-term, though the medium-term bearish outlook would still be in play.
The downside if price holds below 1.3288 or 1.33 is first toward the 1.32 handle. If the medium-term bearish outlook remains intact, there is more downside risk toward the 1.31-1.3105 low from Sept. 2013.