#EURUSD @ 1.05318 remains in a bullish structure with a focus on a break above 1.0600.
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- EUR/USD remains in a bullish structure with a focus on a break above 1.0600.
- The bull’s first challenge will be the micro trendline resistance and the 1.0550s.
As per the prior analysis, EUR/USD bulls have committed to the course and remain on the front side of the bullish dynamic trendline support as the following will illustrate:
While on the front side of the daily trendline, it was noted that EUR/USD bulls were firming from near 1.0480 support and were taking on resistance around 1.0570.
A break there has opened the risk of a move in EUR/USD beyond 1.0600.
A move in EUR/USD below the trendline and 1.0490 would open prospects of a deeper correction towards 1.0400.
The price remains in a bullish structure while holding in the 1.05s and the focus for the opening sessions is on a bullish continuation:
The bull’s first challenge will be the micro trendline resistance and the 1.0550s.
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