The rising trend line you posted corresponds with the 38.2 retrace of this years gains so far.
Also the last two days have formed a double bottom, at the level where the pair broke up on the 10th of April.
And the calendar seems quite barren for EUR next week, so I reckon a bad news week for the US might put the wind back into the Euros sales.
Also the last two days have formed a double bottom, at the level where the pair broke up on the 10th of April.
And the calendar seems quite barren for EUR next week, so I reckon a bad news week for the US might put the wind back into the Euros sales.