EUR/USD Price Analysis: Bears move in and eye a break towards key 1.0300 support – by fx_ross EURUSD Technical Analysis
Bears eye a break below 1.0300 for the days ahead.bears have moved in on the risk of the Chinese Communist Party losing power as protesters angered by strict anti-virus measures called for China’s powerful leader to resign. Markets have opened risk-off which is supporting the US Dollar, weighing on the euro as the following technical analysis illustrates: While below 1.0480, the bias is for a downside correction into the support structure. A 50% mean reversion comes in near 1.0050.
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