Euro Technical Forecast: EUR/USD, EUR/JPY Breakdowns
The Euro faced some challenges last week as both EUR/USD and EUR/JPY experienced breakdowns in their technical charts.
EUR/USD saw a decline below the 1.1800 support level, signaling a potential bearish trend in the near term. The pair may face further downside pressure if it fails to break back above this key support level.
Similarly, EUR/JPY also broke below its support level at 130.00, suggesting a bearish outlook for the pair. Traders will be closely watching for any signs of a reversal or further downside momentum in the coming days.
Overall, the technical outlook for the Euro remains uncertain as both pairs show signs of weakness. Traders should monitor key support and resistance levels closely to gauge the direction of the Euro in the near future.