CitiFX Technical Strategy Research on EUR/USD charts - a triple negative divergence
This is via eFX
CitiFX Technical Strategy Research notes that EUR/USD charts suggest a triple negative divergence which reflects a weakness in the uptrend at least in the short term.
"Trendline support or channel base is at 1.1754.
We would need to see a close below there and below the 55 day moving average (currently at 1.1704) before confirming any bearish break but the very near term risk is to see a pullback," Citi adds.