Euro Technical Forecast: EUR/USD and EUR/GBP Drop to Key Support Levels
The Euro closed at its lowest against the US Dollar in almost 3 months, with EUR/USD close to ending the dominant uptrend since last year. Will EUR/GBP break through support?
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The Euro closed at its lowest against the US Dollar in almost 3 months, with EUR/USD close to ending the dominant uptrend since last year. Will EUR/GBP break through support?
The British Pound remains in a vulnerable position against the US Dollar, with GBP/USD eyeing a bearish Head & Shoulders. Meanwhile, will EUR/GBP drop to a key zone of support next?
The Japanese Yen faces its next key technical challenge against the US Dollar and Euro. USD/JPY upside momentum is fading as EUR/JPY faces an imminent Rising Wedge breakout.
The British Pound continues to face a bearish Head & Shoulders chart formation against the US Dollar. Meanwhile, EUR/GBP faces the 100-day moving average as prices bounce off support.
While the Canadian Dollar has been losing ground to the US Dollar, early warning signs have emerged that USD/CAD could be readying to turn lower. What are key levels to watch?