EUR/USD, 10-th consecutive month turned into red!

Euro has tried to brake 1.1050 for several times, but that level rejected each bulls attack in the last 30 days, after wich the pair turn into red month again. The 10-th in a row for now! The bears are aiming to the previous supports from March 11./12./13. at 1.0460/1.0500 and if the pair came there, that will be the first line of defense, 1.0400/30 is next, the trendline. If US dollar bulls manage to brake that levels, 1.0200 is possible to reach as well, the previous resistance from July 2002. and trendline could be moved there, forming monthly Equidistant Channel!? It will be interesting here at monthly chart, that’s for sure!

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