EUR/USD Classical 05.26
EUR/USD: Look for a lower top to now carve out below 1.3100, ideally by 1.2670, ahead of the next fresh downside extension back towards and eventually through 1.2145. Below 1.2145 exposes psychological barriers at 1.2000 further down. Ultimately, only back above 1.3100 would negate bearish outlook and give reason for pause.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.