EURUSD: Short term downside resumption likely
EURUSD has broken multiple support levels and that warns of the ongoing short term bearish correctional wave to extend. However i see this as a mere pullback before resuming the overall longer term bullish trend inline with my prior analysis here ..
A retest of the broken support-turned-resistance area outlined on chart should be monitored for a confirmation signal on the lower time frames to short targeting 1.0700 next support area.
Keep posted for update..
Best
Technician
A retest of the broken support-turned-resistance area outlined on chart should be monitored for a confirmation signal on the lower time frames to short targeting 1.0700 next support area.
Keep posted for update..
Best
Technician
Nota
Typo: 1.1700 not 1.0700.
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