EUR/USD Price Analysis: Bulls attempt to crack key resistance ahead of US PCE EURUSD Technical Analysis
EUR/USD is attempting to run higher in a solid correction of the US session's drop.
The US Dollar was higher against the Euro on Thursday after data showed the US economy maintained a strong pace of growth, however, the tables were soon turned resulting in a rally in EUR/USD to test the neckline of an M-formaiton on the hourly and 4-houir charts as the following illustrates. A test of stops above 1.0950 could be on the cards for the day ahead as we move into another key event on. This could be a move to go high before coming down so the London session will be key.
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