EURUSD Chart Technical Outlook prints a corrective structure, wave B is in play
EUR/USD’s broad bias is bullish. Prices have been corrected lower this week. It can develop a three-wave structure, ABC. It has a resistance at 1.0960 to cap wave B. Losses should be limited to the Fibo levels support zone of 50% and 61.8% at 1.0890-1.0865.
Today’s calendar is light. The recent risk aversion sentiment has calmed a bit. This can support the corrective upside leg B. It can find sellers at the mentioned resistance level to print wave C.
