EURUSD Forex Analysis May 29 - June 2, 2017

FX:EURUSD   Euro / U.S. Dollar
127 1
A market that rapidly increase typically followed by rapid decrease or sideways movement. Now that we have seen a sign of weakening, we are possibly seeing a retracement. In addition, we only see 1 major risk event regarding EUR and if the speech of Draghi will be dovish, we just need to monitor what will happen to the greenback.
In lower time frame, we are seeing a Descending Triangle Pattern which suggests that a break below the support line could potentially continue the recent bearish momentum.
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