EUR/USD Price Analysis: Bullish accumulaiton under way, eye son weekly M-formaiton By ross_burland EURUSD Technical Analysis
The accumulation phase is underway on the lower time charts. has an M-formation printed which is a reversion pattern that would be expected to see the price revert to test the neckline as resistance. From a daily perspective, the 38.2% Fibonacci retracement level aligns with the prior support near 1.0950, an area of potential resistance:Information on these pages contains forward-looking statements that involve risks and uncertainties.
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