The EURUSD pair traded lower for the second consecutive session yesterday to settle at 1.2308, after notching a low at 1.2300.Although the daily MACD is heading lower, the RSI and stochastic indicators are directing towards the north, reflecting atlikely .positive momentum in the pair. Adding to it, the 8H RSI and stochastic indicators are trading with an upside tone, further .supporting the above stance. Important resistance is placed at the 8H 20SMA (currently trading at 1.2361/65), followed by the 4H 20SMA (currently placed at 1.2394/95) and the 1.2435 level. A break and stability above the latter might lead to positive .momentum in the pair. On the other hand, key support is situated at the 8H 200SMA (currently trading at 1.2290), followed by the 1.2260 and 1.2222/20 levels. A move back below the latter might trigger further negativity in the pair.