EUR/USD Technical Analysis: Bias Bearish Amid Conflicting Cues
Euro technical positioning is offering mixed signals but the overall bias seems to favor further weakness against the US Dollar.
Euro technical positioning is offering mixed signals but the overall bias seems to favor further weakness against the US Dollar.
Sterling has turned lower heading into the weekend with a pair of bearish four-hour candles appearing.
The smack down of global risk appetite has reinvigorated the Japanese Yen, which is now on the cusp of making significant technical strides versus several currencies.
Last week the euro erased a breakdown by recapturing significant support around the 11500-line, this shifts momentum back to the top-side, but how long and can it last?