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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