The euro has been paring gains against the dollar recently and is currently on course to extend its losing streak to four days. However, there is reason to believe that recent selling pressures could ease, opening up a continuation of the move towards the May and June highs. Firstly, the pair did break above the descending trend line – 1 July highs – last Wednesday which indicates a more bullish sentiment in the pair. The recent decline has seen price action retest the trend line and while it did breach it temporarily, it is trading back above here. If we see a daily close above here, it could be viewed as ... (full story)