EURUSD has broken multiple support levels and that warns of the ongoing short term bearish correctional wave to extend. However i see this as a mere pullback before resuming the overall longer term bullish trend inline with my prior analysis here ..
A retest of the broken support-turned-resistance area outlined on chart should be monitored for a confirmation signal on the lower time frames to short targeting 1.0700 next support area.
Keep posted for update..
Best
Technician
A retest of the broken support-turned-resistance area outlined on chart should be monitored for a confirmation signal on the lower time frames to short targeting 1.0700 next support area.
Keep posted for update..
Best
Technician
Comment:
Typo: 1.1700 not 1.0700.
