The pair have tested the 1.14 are several times where it faced consistent rejection and it closed the week on the 200 EMA.
There is a clear triple top formation on the 4hr time frame and is currently forming the second leg of an M formation on the daily timeframe .
We can expect the pair to drop further if US Dollar index strengthens further.
Upcoming news on EUR on Thursday may affect the current trend for the pair but there is no indicator showing a further upward trend!
There is a clear triple top formation on the 4hr time frame and is currently forming the second leg of an M formation on the daily timeframe .
We can expect the pair to drop further if US Dollar index strengthens further.
Upcoming news on EUR on Thursday may affect the current trend for the pair but there is no indicator showing a further upward trend!