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
23 March 2017
USD eyes Trump's Obamacare vote...
22 March 2017
Safe haven demand helps lift yen...
21 March 2017
USD weakness persists; but GBP unable to bank on that...
20 March 2017
G20 leaders fail to reach compromise, dollar on the defensive...
17 March 2017
Gold keeps its shine as the USD weakens; will need to prove itself by taking on 20DMA hurdle...
15 March 2017
A closer look at the US debt ceiling...