EURUSD Chart Technical Outlook

EURUSD Chart Technical Outlook moves south toward 1.0520 on more USD strength

EUR/USD’s broad bias is bearish. The USD is supported by the ‘Trump Trade’ sentiment. Prices trend lower, printing an impulse wave within a broader corrective structure. There is room for further losses in the medium term. A break below 1.0615 opens the door toward 1.0520. Resistances are seen at 1.0725 and 1.0815. I expect more downside price action.

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