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I expect the euro to continue to suffer losses.
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
Daily chart shows strong rejection from 1.13, with the bollinger bands tightening. Even though the stochastic indicator is attempting a cross up, there is too much presure for more downside.
Weekly chart also looking bearish, price needs to breach lower bollinger band on daily chart to confirm analysis.
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
Daily chart shows strong rejection from 1.13, with the bollinger bands tightening. Even though the stochastic indicator is attempting a cross up, there is too much presure for more downside.
Weekly chart also looking bearish, price needs to breach lower bollinger band on daily chart to confirm analysis.