EUR/USD Price Analysis: Bulls remain in play while above 1.0580 and eye 1.0700 EURUSD Currencies
EUR/USD bulls have not thrown in the towel yet and eye 1.0700.EUR/USD Price Analysis: Bulls on the sidelines in anticipation of a discount
It was explained in the prior analysis that while the bias is to the downside, as per the longer-termI was explained that ''this might only be premature in the correction and this could offer a buy-low opportunity for bulls in the coming sessions in anticipation of a test of the trendline resistance.''
The strong bull candle has a lot of commitment in there and despite the sell-off in the US session, bulls may remain committed still which offers prospects of another test higher as per the following hourly chart:However, 1.0620/50 could be a tough nut to crack and this might take a number of sessions to break down. 1.0580 will be key in this regard should the bears continue to push back. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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