Euro’s failure at 1.0680 followed by a break below 1.0640 in the wake of a freshly turned bearish RSI and MACD suggests the currency is likely to extend the losses to 1.0580 (support offered by the rising trend line drawn from Jan low and March low).
A daily close below 1.0580 would signal trend reversal and open doors for a re-test of 1.0340.
A daily close below 1.0580 would signal trend reversal and open doors for a re-test of 1.0340.
