EURUSD Price Action – Attempting To Base, But Resistance Ahead | Jan 29
EURUSD – Trying to Base, Resistance Ahead (1hr chart)
Although there has been some decent selling below ST resistance around 1.1384, the pair hasn’t maintained any bearish pressure, with the price action trotting around 1.1275 – 1.1384.
Intra-day resistance is ahead at the latter level, but a break here will test offers in the next resistance zone around 1.1545 – 1.1450. If this level holds, then we’ll likely see another attack lower. But a daily close above here means the pair is attempting to base.
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