Article details
The EUR/USD currency pair experienced an accelerated decline last week following its peak at 1.1710. Technical indicators on the 4-hour chart, including a clear bearish divergence in the MACD, suggest that a short-term top has likely formed. The initial bias for the coming week remains tilted to the downside, with price action targeting the 55-day Exponential Moving Average currently positioned around 1.1539.
