EURUSD
The market has failed after a temporary penetration of the 1.3693 level, and a rejection of the ‘mean channel’. It is still possible that a low has formed, but if the market is forming a base, then we would expect a higher bottom above the week’s 1.3446 low. Potential supports for such a higher bottom would be at 1.3516.
Category: EURUSD, Technicals Comment »