EUR/USD reached the support at 1.0700 and is currently testing it. A
breakout below that support would likely lead to a further drop towards
the previous low at 1.0540.
eurusd this morning on hourly timeframe already figure out reversal wave, while on daily candle have signed appear bull candle, although on overall trend still tendencies to bearish
The pair seems losing its upward strength, risk turn towards the downside, break below Friday low 1.230 would suggest further decline towards 1.22 level.
EUR/USD bounced off the support at 1.0580 and is currently testing the resistance at 1.0640. If it breaks above that level it will likely continue moving to the upside towards 1.0660 - 1.0680.
EUR/USD bounced off 1.0660 and is retracing back towards 1.0600, so for
now the sideways consolidation continues and it's unlikely to end before
the FOMC meeting minutes are announced tomorrow.
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eurusd this morning on hourly timeframe already figure out reversal wave, while on daily candle have signed appear bull candle, although on overall trend still tendencies to bearish
Euro is breaking every support it had. New years lows - and no stop in sight
But often on monday market occur narrow movement still waiting here