EUR/USD Price Analysis: Accumulaiton kicking in, or just a respite on the way to test 1.0340? By ross_burland EURUSD Technical Analysis
The price is based in what could be a phase of accumulation, at least on the lower time frames. However, failures to break higher will likely encourage the bears and lead to redistribution and a continuation of the bear trend for the days and possibly weeks ahead with a focus on the 2017 lows initially, 1.0340. A break there will open the risk of a move below parity:Information on these pages contains forward-looking statements that involve risks and uncertainties.
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