EURUSD Chart Technical Outlook will complete a bearish Bat formation at 1.0636
Although the USD Index (DXY) traded to the highest level in 267 days yesterday, we see a downside correction overnight. This has resulted in a mild correction higher in EUR/USD.
The one-hour shows the pair building a bearish Bat formation. This pattern will be completed at 1.0636. Resistance is located at 1.0703. We have a 261.8% extension level located at 1.0721.
Although this has resulted in the immediate bias being mildly bullish, I would be to sell into gains (completion of patterns)
