EUR/USD: Euro continued its downtrend after slipping below 1.10955 on Friday and ended the trading week at around 1.10800 support. The Euro fell and closed Friday session below the short term channel but was supported at the bottom of a long term uptrend channel at 1.10790.
The Euro will be looking to hold its position at 1.10790 on Monday's session. If successfully, It needs to be able to breakthrough 1.10955 to continue to the upside. A major retracement price level is at around 1.10540 if it fails to hold at 1.10790.
The Euro will be looking to hold its position at 1.10790 on Monday's session. If successfully, It needs to be able to breakthrough 1.10955 to continue to the upside. A major retracement price level is at around 1.10540 if it fails to hold at 1.10790.
