Technical POV:
EURUSD is in Downtrend since April 2018, and keep going down until last Wednesday. After that there is a retracement that currently happening.
I see a Penant pattern / Triangle that is occuring. Price should bounce upward in the opening of Monday, but for the long run I think it will break downside and keep going down.
Fundamental POV:
EUR is under pressure of sentiments such as Italy's country issue and their bond yields, even though the last update was that the yield came down from exceeding 3% (10yrs bond yield).
EURUSD is in Downtrend since April 2018, and keep going down until last Wednesday. After that there is a retracement that currently happening.
I see a Penant pattern / Triangle that is occuring. Price should bounce upward in the opening of Monday, but for the long run I think it will break downside and keep going down.
Fundamental POV:
EUR is under pressure of sentiments such as Italy's country issue and their bond yields, even though the last update was that the yield came down from exceeding 3% (10yrs bond yield).
That is if all supported by good fundamental that support EUR or weaken DXY.