EUR/USD Price Analysis: Bears lurking in 1.0300s, 1.0270 is key support – by fx_ross EURUSD Technical Analysis
EUR/USD resistance in the 1.0300s would be expected to be an area where distribution will start to take shape.EUR/USD
for interest rates, the technicals point to a downside continuation given the break of recent daily structure 1.0270 as the following analysis will illustrate:The price dropped below the higher lows which made for a change in character. Nevertheless, the bulls have moved in and are retesting an area of price imbalance and the neckline of the M-formation. Should the bears commit, then a downside continuation could be in order for the remainder of the week.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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