Euro is on the defensive into the April open with EUR/USD trading near the yearly lows early in the week. A decline of more than 2.3% off the March highs is now approaching key technical support and the focus is on possible near-term exhaustion / price inflection here this week. These are the updated targets and invalidation levels that matter on the EUR/USD weekly technical chart. Technical Outlook: In last month’s Euro Technical Forecast we noted that EUR/USD had, “rebounded from confluent uptrend support with the recovery trading back into the 52-week moving average… From a trading standpoint, rallies should be ... (full story)