EUR/USD Price Analysis: Dynamic resistance is key for the opening sessions – by fx_ross EURUSD Technical Analysis
shows that a breakout could be immature and while below 1.0480, the bias is for a downside correction into the support structure. A 50% mean reversion comes in near 1.0050.With that being said, an inverse head & shoulders could be in the making at this juncture. Bullish commitments around 1.0300/50 would be forming the right-hand shoulder of the bullish pattern. A Break of 1.0220, however, could likely leave the downside in favour.
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