EURUSD: The pair continues to dig deeper into the broad 1.1640/1.1876/1.2042 broad support zone with yet another trend low printed yesterday. There are however still, except the support area itself, several factors that could help slow down the descent. The Ger/US 2y spread has since late Dec been moving in the opposite direction, the spread between spot and the 233d ma is at its widest since 2010 and the hourly chart has begun bullishly diverging. So in the best of worlds an upside reaction should begin no later
Read the full report: Technical Alert