EURUSD Chart Technical Outlook first support is located at 1.0846
Although the previous high of 1.0889 was broken, with signals for sentiment being overbought extremes, sellers returned yesterday. This has resulted in an interesting pattern forming on the intraday chart.
Bespoke support is located at 1.0846 at 1.0803. These are the exact levels to form a Bat pattern. Tomorrow we have the European Central Bank meeting.
Resistance: 1.0907 (projected 88.6%), 1.0916 (swing high), 1.0985 (trend line resistance)
Support 1.0846 (confluence), 1.0803 (confluence), 1.0788 (swing low)
