EUR/USD Technical Analysis: Euro Trend Bias Favors Weakness
The Euro remains stuck in a narrow consolidation range near the 1.18 figure against the US Dollar but overall positioning continues to favor a bearish bias.
The Euro remains stuck in a narrow consolidation range near the 1.18 figure against the US Dollar but overall positioning continues to favor a bearish bias.
Aspirited Australian Dollar recovery against its US counterpart stalled ahead of the 0.79 figure, hinting that the down trend started in early September may soon resume.
Precious metals reversed course rather sharply the past couple of days, bringing downside targets into focus as long as recent highs hold.
Volatility has declined across the major USD-spectrum, but looking to the pairs with the highest expectation for price movement, cable and kiwi stand out.