EUR/USD Price Analysis: Bears firmly moving towards the daily trendline support
From fxstreet.com
As per the prior analysis, EUR/USD Price Analysis: Bulls run into resistance, bears eye trendline support, EUR/USD is turning lower as the following will illustrate: {chart} It was noted that the market had run into the weekly neckline of the M-formation. {chart} On the daily chart, it was noted that we had possible stops above the swing highs that had been left intact, so far. Before a move higher into them, it was argued that a drive to the downside could be in order first. This brought the 38.2% Fibonacci of the bullish impulse on the daily chart into focus as well as the trendline support. {chart} The price is ...
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