EUR/USD Price Analysis: Bears taking on critical H4 support – by fx_ross EURUSD Technical Analysis
The bears, on the other hand, are seeking a break of the critical longer-term support structure. , the price moved into the key resistance but has subsequently fallen down to test a critical support structure again. As illustrated above, the price was creeping in on the gap and it had made a 38.2%
As shown, the price followed the projections accordingly and now the focus is on the M-formation and critical support that could now act as resistance: 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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