EUR/USD is under pressure with price coming precariously near the 2018 low of1.1508 reached on May 29th. Price is confined within a descending triangle pattern and bears are looking for a potential breakout to the downside. Looking at the weekly chart we can see that price is nearing the 50% retracement of the upmove that began in January of 2017. This 50% retracement level at 1.1447 is a major support level and could be magnetic if price is able to breach the yearly low of1.1508. The US employement report on Friday was mixed –nonfarm payrolls increased by 157,000 for July, missing expectations of 190,000. However, ... (full story)