EUR/USD Price Analysis: Bulls seek a drive through 1.0700 – by fx_ross EURUSD Technical Analysis
The Euro is eyeing a move through 1.0700., the Euro is reaching key resistance as shown above but is leaving a W-formation in its tracks. This is a reversion pattern whereby bulls would be expected to move in at a discount from the neckline should there be a testest thereof. 1.0700 is a key level where a measured move of -0.272% of the potential correction's range to support meets the prior mid-summer resistance looking left. We have 1.0790 thereafter as the next level. marks 1.
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