EUR/USD Price Analysis: Bears have been capped and eyes are on 1.0720 EURUSD Technical Analysis
It was stated that The M-formation was compelling in this regard, but the neckline needed to hold for the open to reaffirm a bearish bias and prospects of a break of the trendline and downside potential for the The move has been significant as it has taken out the 1.90775 horizontal resistance that could now start to act as support: The bulls will be expected to defend the 1.0700 figure on a retest and that could lead to an onward continuation as illustrated in the chart above.
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