The euro continues to weaken over progress considerations within the eurozone amid the struggle in Ukraine. A tentative break beneath 1.0500 additional put the euro underneath strain.
An absence of rebound means that the bears are assured sufficient to carry onto their chips, whereas the bulls keep on the sidelines. A bullish RSI divergence exhibits a slowdown within the sell-off.
Nevertheless, solely a rally above 1.0650 may ease the promoting strain and assist flip sentiment round. In any other case, 1.0400 from January 2017 could be the subsequent cease.