EUR/USD Price Analysis: Bears firmly moving towards the daily trendline support EURUSD Technical Analysis
It was noted that the market had run into the weekly neckline of the M-formation.
The price is moving lower toward the daily trendline support and from the neckline of the weekly M-formation. A break of the trendline will dilute the bullish thesis but so long as the 78.6% Fibo holds on the daily chart, near 1.0780, a bullish case can still be argued. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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