EUR/USD Price Analysis: Bulls looking for cues for a short squeeze opportunity EURUSD Currencies
al stages of the week. The following illustrates such a scenario and puts the spotlight on the bearish trendline resistance.As we can see, the price is jammed in on the front side of the daily trendline still.
The break of the February lows on Wednesday confirmed that sellers were committed to the downside and Thursday's shorts have taken on fresh lows for the month. However, there is a three-day phenomenon in markets which concludes with a correction and given the timing of the week, a short squeeze could be in order for the sessions ahead. If the bulls can stay above 1.0550s then buyers will be on the lookout for a bullish structure to target a move into the 1.
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