Technical analysts CitiFX note that, while the euro / dollar showed a return above the neckline double top at around $ 1.3837, the pair did not manage to overcome the resistance around $ 1.3970, and last week was closed below $ 1.3837. They pay attention to the fact that this correction was a response to allegations of increasing dollar liquidity, and the main drivers euro remained unchanged. Current consolidation seems to have come to an end, and expect to resume CitiFX downward trend and development of the decline in direction of $ 1.3150.
