Outlook still remains bearish, as there is not enough confluence to call a trend reversal yet. Price broke through the descending trend line, however downtrend structure still remains as price is making lower lows & highs. Key resistance level above at the last lower high near the 1.10700 area, where if price fails to break this level will continue lower as monthly timeframe is still showing a lot of bearish pressure.
Comment:
D1: Bigger picture price could look to create an inverse H&S formation
Comment:
Dollar index DAILY: Uptrend still intact, as price reacted off support Friday, along with the ascending trendline