The Bearish trend remains intact while the price outlook remains favourable of a move to $1190/$1180. From a weekly perspective, there is a possibility of a recovery towards $1250/$1268 before resuming the downtrend.
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...