EUR/USD Price Analysis: Bulls eye a run to test trendline resistance near 1.0900-20 EURUSD Technical Analysis
US Dollar is pressured and gives EUR bulls an advantage from daily support.
EUR/USD bull's eye a strong continuation on the correction to the 38.2% Fibonacci 1.0900 and then1.0920s as the 50% mean reversion area.The case for the downside will build when we see a deceleration of the correction which might still be in its initial days. However, there are prospects of a move lower on the lower time frames, such as the H4 chart above and the H1 chart below:A 38.2% Fibonacci correction comes in near 1.0900 and 1.
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