EUR/USD Price Analysis: Bulls eye a run to test 1.0700 and the bears eye 1.0600 – by fx_ross EURUSD Technical Analysis
, the market was shown to be on the front side of the bullish trend and there was every possibility that the price would continue higher into the in-the-money shorts towards 1.0800/50 in the days or weeks ahead.As illustrated, the price has moved into the target area and is leaving a W-formation in its tracks. This is a reversion pattern whereby bulls would be expected to move in at a discount from the neckline should there be a testest thereof.
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