EUR/USD rallies into trendline resistance
EUR/USD is starting to show signs of weakness following a rally into trendline resistance at the beginning of the week. Respect at this level would continue the symmetrical triangle formation in play over recent weeks.
Ultimately, we would need to see the price rally through $1.1745 to signify the start of a bullish breakout phase. Until then, a continuation of this pattern looks likely, with a move lower from here expected.