I posted a nice chart piece on the euro from Commerzbank a few days back
It made some good points on the technical picture, so just checking out their update now
EUR/USD remains under pressure following the recent erosion of its 2017-2018 uptrend and the base of the short term triangle.
- We continue to regard the 1.2566 recent high as an interim top and suspect that in order to really generate some downside interest that we will need to see a close below the 1.2155 February low (favoured).
- We look for the cross to remain capped by the near term resistance line at 1.2412 and maintain a negative stance below here. Intraday rallies are indicated to fail at circa 1.2215/50.
- Above 1.2415 lies the March highs at 1.2447/76.
Their other comments are the same (check out that link for those)
