EUR/USD Price Analysis: Bulls could be running into a trap EURUSD Technical Analysis
Bulls could find themselves trapped in trying to break out through recent highs.
, we have red news on the calendar on Thursday that marries up with a technically bearish fo5rmation on the charts as the following will illustrate. Bulls could be running into a trap and as analysts at Brown Brothers Harriman explained, who continue to believe markets are underestimating the Fed; ''it's hard to reconcile a risk rally with deep US yield curve inversion.
In the meantime, bears will be on the lookout for the phenomenon of a sweep of the relatively equal highs towards, say, 1.0800, failures and a break of structure to the downside to change the character from bullish to bearish in the schematic. The lower time frames can be monitored for signs of buying exhaustion over the coming sessions. A long squeeze below 1.
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