Euro is poised for a second weekly decline (eight consecutive days) against the US Dollar with EUR/USD down more than 0.3% to trade at 1.1719 on Tuesday in New York. The decline takes price towards the major support at the yearly lows and we’re on the lookout for possible inflection in the days ahead with the bears at risk heading into the 1.17handle / US inflation data tomorrow. These are the updated targets and invalidation levels that matter on the EUR/USD weekly price chart. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Euro technical setup and more.
