I was looking for a move lower for EURUSD on Friday but instead, it moved higher first, hitting the resistance at 1.0754 before going down, selling down 75pips before recovering.
Price action on daily is bearish, while weekly price action does point to possible further upside. But following the daily price action, I am leaning towards a possible move lower today as long as 1.0714 strong resistance hold. 1.0690 is strong resistance. Once it breaks, next strong downside target would be at 1.0634.
Price action on daily is bearish, while weekly price action does point to possible further upside. But following the daily price action, I am leaning towards a possible move lower today as long as 1.0714 strong resistance hold. 1.0690 is strong resistance. Once it breaks, next strong downside target would be at 1.0634.
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