EURUSD Chart Technical Outlook dips toward 1.0790 can find buyers
EUR/USD’s broad bias is bullish. Prices have been correcting lower recently, printing lower highs and lower lows this week. This can be a five-wave leg to complete a regular flat corrective structure. The pair has support at 1.0790, a confluence of Fibonacci’s 61.8% retracement and 161.8% extension levels. I expect downside price action towards that level and a reversal later. Resistances are located at 1.0860 and 1.0880.
