EUR/USD Price Analysis: Breakout traders triggered long, bears looking to pounce EURUSD Technical Analysis
in its ascent which leaves the focus on signs of distribution for the days ahead. The following illustrates this on a dailyEUR/USD daily chart
EUR/USD has reached up to test prior highs of 1.0736 and has moved into a critical resistance area as a potential last stop before the bears move back in.Should the bears emerge below 1.0790, then the focus will be on signs of distribution again that will ultimately trap the breakout long positions.would be expected to revert towards the neckline and day's lows of near 1.0637. This could put the trendline support back under pressure and open the risk of a move below 1.0500 and on to test 1.
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