Euro's bearish break from inverse flag and pole formation on the hourly chart on Tuesday following a bearish break from symmetrical triangle on Friday and a larger falling channel suggests the currency is on track to test 1.0940 levels ahead of tomorrow's European Central Bank (ECB) rate decision.
Pair's oversold RSI on the hourly chart could aid a minor recovery, but reckon the resistance at 1.1040-1.1050 would stay intact.
Pair's oversold RSI on the hourly chart could aid a minor recovery, but reckon the resistance at 1.1040-1.1050 would stay intact.
