EUR/USD extends its losses for the third successive day, trading around 1.1660 during the Asian hours. The daily chart technical analysis indicates a potential for a bearish reversal, as the pair has slipped below the ascending channel. The EUR/USD pair holds just under the 50-day EMA and the nine-day EMA, which together suggest a capped near-term tone despite the recent recovery from lower levels.
Source: https://www.fxstreet.com/news/japan-consumer-confidence-index-came-in-at-322-below-expectations-331-in-april-202604300500
