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Forex pairs in this Article » EUR/USD (Bali) - The latest sell-off in EUR/USD has done some significant damage to the EUR/USD short term charts, according to Shaun Osborne, Chief FX Strategist at TDS.

Key Quotes

"Weak price action in EURUSD over through the course of this weekend is doing a fair bit of damage to the short-term charts. Weakness may be extending to the weekly technical picture as well."

"The lesson over the past year has been to fade the range extremes—weakness to the low 1.27 area and strength through 1.37; history may be repeating itself. From here, technical signals suggest that gains back through 1.37 may be a struggle for EURUSD to sustain."
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