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EUR/USD Has Bounced but Will the Bear Trend Continue? As predicted, EUR/USD has bounced and reached R2 before retreating back towards R1. All eyes are on the ECB announcements and US employment data tomorrow to see if the euro will resume its bearish direction.
The EUR/JPY has broken the neckline of an inverse head and shoulders pattern on the four hour chart. It remains to be seen whether this signals a break to the upside or whether the bearish trend since March will continue.
The EUR/JPY has broken the neckline of an inverse head and shoulders pattern on the four hour chart. It remains to be seen whether this signals a break to the upside or whether the bearish trend since March will continue.
