EUR/USD Signals Risk for Exhaustion
[url=]#Euro has broken multi-week channel support after failing to secure a breach of key resistance at 1.1033/70.
EURUSD now threatens a possible test of broader uptrend. Initial support at 1.0874 backed by 1.0737- losses should be limited by this threshold IF price is heading higher.
Breach from here would expose 1.1275.
#FOMC & #ECB on tap.
Michael Boutros, Sr Technical Strategist with FOREX.com
MBForex
EURUSD now threatens a possible test of broader uptrend. Initial support at 1.0874 backed by 1.0737- losses should be limited by this threshold IF price is heading higher.Breach from here would expose 1.1275.
#FOMC & #ECB on tap.
Michael Boutros, Sr Technical Strategist with FOREX.com
MBForex
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.