EURUSD Chart Technical Outlook extends the correction towards the pivot level of 1.0700
EUR/USD prints an extended corrective structure. USD is gaining despite yesterday’s weak data. The hawkish FOMC projections are still leading bulls to push USD higher. I expect the pair to spike below this week’s low. It has a support zone at 1.0690 and 1.0715, the daily ATR and 200% Fib extension of wave (W) – close to the pivot level of 1.0700. Resistances are located at 1.0770-90.
