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Apr 7, 2017 12:17 PM

EUR/USD could test 1.0590 

Euro Fx/U.S. DollarFXCM

Description

Pair's failure to strengthen in Asia (EUR is a funding currency) despite risk-off followed by a drop to 1.0626 (100-DMA) coupled with a bearish RSI suggests the support at 1.0590 could be put to test. A daily close below the same would signal the rising trend from the low of 1.0341 has ended.
On the higher side, only a daily close above 1.0689 would revive bullishness.
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