With Draghi hinting at the potential for ECB easing at the June meeting, this technical trading video considers several key euro pairs and the broader economic outlook.
- EUR/USD may be forming a double top formation; a break below $1.3650 may see further losses
- EUR/CAD is seeing a head and shoulders reversal, which now targets support at C$1.4900
- EUR/JPY – Japanese data may encourage a drop below cloud support around the April lows at ¥139.80
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Video content by Michael Hewson of CMC Markets.
Content provided by CMC Markets. CMC Markets UK plc and CMC Spreadbet plc are authorised and regulated by the Financial Services Authority in the UK, registered offices, 133 Houndsditch, London, EC3A 7BX.