[EUR] Lowering peaks

EUR/USD 4-hour chart, source:forexfactory.com

Dropping price of currency pair EUR/USD rebounded mid week and faced the adjustment on Friday. After the price down pattern, double-tops pattern in the early month, price of currency pair has lowered its peaks. There were the rebounds but it failed to turn downward trend in the 4-hour chart. The rise in this week failed to break through the previous peak, 1.0677, too.

Trump's economy team seems to drive greenback weak. But U.S. dollar keeps being strong against major currencies, euro, British pound and Japanese yen.

There is a possiblity of rebound again, it doesn't seems that it broke the strong dollar trend next week. Though it rises again, it may be restrained under 1.0620, peak in this week, I guess.

Meanwhile one of major currency pair USD/JPY dropped 0.54 percent to 112.00 on Friday, and it fell to 111.94 temporarily. It dropped 0.8 percent for two weeks.
Dollar index rose 0.07 percent to 101.12.


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