EUR/USD Price Analysis: Bulls under pressure as bears test commitments at 1.0600 – by fx_ross EURUSD Technical Analysis
EUR/USD bears are homing in on the 1.0580s and the bulls will need to show up on the front side of the more dominant trendline support.As per the prior analysis,
Thereafter, it was noted that the price was stalling on the bid and the W-formation was anticipated to pull in to the price to test the 1.0620s as a first objective and then to test 1.0600 thereafter. 1.0580 and 1.0520/05 were called as the last defence for a significant bearish correction for the weeks ahead and New Year. The price has broken the first trendline and is homing in on the 1.0580s.
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.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/USD Price Analysis: Bears eye the coiled conditions, testing 0.6670 structureRisk tolerance dropped at the end of last week with hawkish central banks. Subsequently, AUD/USD, after taking out the channel support, is now eyeing
Read more »
Bitcoin (BTC) Price Analysis for December 18Can the fall of BTC continue to $16,000 next week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser
Read more »
BTC and ETH Price Analysis for December 17Have BTC and ETH returned to the bearish zone yet? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Read more »
XRP Price Analysis for December 17Does XRP have a chance for a short-term rise? XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie
Read more »
Binance Coin (BNB) Price Analysis for December 17Can BNB rise to $250 next week? Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX BinanceResearch
Read more »
DOGE Price Analysis for December 18Does DOGE have the power to rise against the fall of other coins? Dogecoin dogecoin jasdoge DogecoinMemes RacerDoge crypto cryptocurrency doge
Read more »