EURUSD Chart Technical Outlook has ample scope for a bullish correction, the confluence zone is located at 1.0825.
Although the major currency pair traded to the lowest level in 21 days, the selloff could not be sustained. The daily chart highlights the reverse trendline resistance located at 1.0826. Bespoke resistance is located at 1.0826.
The intraday chart highlights the projected completion of the AB leg in a Bat formation at 1.0825.
Resistance: 1.0825 (confluence), 1.0883 (projected bat), 1.0902 (swing high)
Support: 1.0732 (swing low), 1.0720 (61.8%), 1.0668 (78.6%)
