- EURUSD has now completed the larger descending channel pattern to the downside following an impulsive leg up on the LTFs, confirming medium to longer term bullish momentum in the pair albeit part of a larger continuation/corrective pattern to the downside.
- Price appears to be more structurally and technically driven eyeing weakness in the USD & slowing Eurozone PMI numbers and Central Bank comments recently released.
- Our bias remains structurally bullish pending clear continuation and momentum to the upside. HTF structure indicates further downside in the pair however timing is to be confirmed over the next few trading weeks.
- Price appears to be more structurally and technically driven eyeing weakness in the USD & slowing Eurozone PMI numbers and Central Bank comments recently released.
- Our bias remains structurally bullish pending clear continuation and momentum to the upside. HTF structure indicates further downside in the pair however timing is to be confirmed over the next few trading weeks.