EURUSD fell for 4 consecutive days after facing strong resistance at a 13-month supply zone just before 1.15.
The price was saw supported twice around 1.1060 which is also the Fibo retracement 61.8%.
However, the price did close more bearish by the time the market close and is most likely to dip lower.
Look for buy opportunity as the price pulls back into the demand zone around 1.10, which also coincides with the top of the previously broken 21-month falling channel.
The price was saw supported twice around 1.1060 which is also the Fibo retracement 61.8%.
However, the price did close more bearish by the time the market close and is most likely to dip lower.
Look for buy opportunity as the price pulls back into the demand zone around 1.10, which also coincides with the top of the previously broken 21-month falling channel.
