Technical Analysis

EUR/USD falls to lowest since November 16

10-day low within the euro

The euro has slipped under Friday’s low in a fall to 1.1326. The euro had been increased for many of the day after ending close to the lows on Friday.

Nevertheless the bounce within the euro has now light and it is down round 10 pips on the day.

The decline got here as Draghi expressed some warning on the financial system. In the present day’s IFO report additionally missed expectations barely.

The 1-hour chart reveals a recent collection of decrease highs and decrease lows previously week.

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