EUR/USD Price Analysis: US Dollar's failures above 104.20 DXY opens risk to 1.0720s EURUSD Technical Analysis
Here we can see that the bulls came up into the prior resistance structure but faced supply into the close on Friday a touch below 1.07 the figure. While a move-up is a possibility in the Asian session today, the price is entering correction territory.
Considering the failed breakout, however, the bias is still to the upside although a move into the prior week's lows and a restest of what would now be considered as a countertrend could be in order.
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