Analysis from last week still holds. EU has started it's correction to 1.15 zone longer term.
EU Bearish correction:
-month long negative divergence (on both RSI and MACD)
-huge (green) trendline REJECTION
-bullish channel has pivoted to bear channel (yellow trend lines)
EU Bearish correction:
-month long negative divergence (on both RSI and MACD)
-huge (green) trendline REJECTION
-bullish channel has pivoted to bear channel (yellow trend lines)