Yesterday, the euro moved sharply lower against the greenback, which resulted in a breakdown under the lower line of the trend channel. Is the short-term situation as bearish as it seems at the first glance?

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Although the lower border of the declining trend channel managed to stop currency bears in the previous week, their opponents didn’t hold it, which resulted in the breakdown and a daily closure under this support. What does it mean for the AUD/USD future’s moves?

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Last week’s declines took the exchange rate not only below 1.3800, but also encouraged currency bears to test the March low. Are there any technical factors on the horizon, which could stop the sellers in the coming week?

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The highlight of yesterday’s session was further improvement in the USD Index and the breakout above the upper line of the declining trend channel. How did this event affect the short-term picture of our six currency pairs? When can we expect reversals?

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The recent upward move in the USD Index pushed the euro and the British pound lower, rewarding the sellers and making their short positions in EUR/USD and GBP/USD profitable. Are they still justified? Answer to this question and a brief overview of interesting proposals that would allow you earn once again you will find in today's alert.

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