EURUSD Chart Technical Outlook spikes in both directions highlight indecision
The daily chart highlights spikes in both directions. I expect this indecision to continue.
We are seeing mild downward pressure in overnight trade.
The first support barrier is located at 1.0720. This is close to the projected completion of the AB leg in a Butterfly formation. Intraday resistance is located at 1.0745. The completion of the Butterfly formation is between 1.0698 and 1.0695.
