EUR/USD Price Analysis: Bears eye move into key support area – by fx_ross EURUSD Technical Analysis
Bears eye a test of the trendline support for days ahead., where it was illustrated that we saw the bears try to commit below the counter-trendline resistance and around the neckline of the formation, the bears stay in control:If the price remains in a bearish structure and the bears commit, then a test of the trendline could be the next objective and a 50% expansion of the recent consolidation range exposes the lower quarter of the 1.05s.
On the other hand, considering the price remains in a bullish trend on the front side of the dominant trend line, then there are prospects for an outright continuation to the upside to target 1.0800:Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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