Skip to content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
EUR/JPY, EUR/USD Triangles Continue to Develop Downside Potential

EUR/JPY, EUR/USD Triangles Continue to Develop Downside Potential

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EURJPY, EURUSD triangles begin to favor more downside.

- EURGBP double top remains valid towards 0.7063.

- See the April forex seasonality report.

Short-term technical indicators are close to turning outright negative for various EUR-crosses. For EURJPY and EURUSD, this potentially means continuation outside of their recent triangls after breaking the uptrends from last week's lows (although in EURUSD, a longer-term triangle may be in the works). For EURGBP, we've seen the key topside resistance level respected throughout the consolidation, keeping the double top intact.

See the above video for technical considerations in EURUSD, GBPUSD, EURGBP, and EURJPY.

Read more: EUR/USD Appeal Due to Covering Potential, Not Yield Prospects

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.