EUR/USD Price Analysis: Bears looking for a premium and eye 1.0800 EURUSD Technical Analysis
EUR/USD hourly chart is seeing the price wedged into the coil along the trendline support. The trendline will be vulnerable if the US data on Friday rhymes with Thursday's, exposing the 1.08 the figure to the downside.
is running higher in the latter part of the US session following a blow-off to the downside on the back of some generally solid US data on Thursday. The US Dollar has benefitted and has been teasing in markets today, testing key trendline resistance in the 102s:EUR/USD daily chartsOn the 4-hour chart, we have the bulls targeting the 1.0920s and equal highs, moving in hard to the M-formation's neckline. Nevertheless, we are up high on the charts and the price is coiling, which means a breakout could be imminent. With that being said, this could be could before the Federal Reserve but we are guaranteed some price action over the redis seeing the price wedged into the coil along the trendline support that will be vulnerable if the data on Friday rhymes with Thursday's, exposing the 1.08 the figure to the downside. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
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