The earlier part of this week was mostly bearish as the price is currently 119.62 and the setup remains bearish as we are currently breaking below two converging trend lines as shown on the chart.
Forex Technical Analysis
28 April 2017
Euro eases, USD manages to hit back at its recent losses as we approach month end...
27 April 2017
Trump's tax reform plan lifts dollar...
26 April 2017
Risk sentiment improves, Safe haven currencies ease...
25 April 2017
Euro, riskier assets surge while yen fades as French election fears cast away...
24 April 2017
Euro briefly stages a relief rally as the worst case scenario avoided in France’s first round of elections...
21 April 2017
Euro remains bid as French elections looms...