EUR/USD Price Analysis: Bears take on key support and eye a 78.6% daily Fibo EURUSD Technical Analysis
, the price has been unable to take off and is submerging itself below the aforementioned resistance:The lower time-frame charts show that the price is taking on 1.0820 support that guards 1.0780.
A break of the trendline support would be a significant development in what could open risk all the way to the 78.6% Fibonacci retracement of the prior daily bullish trend and the wedge counter-trendline support. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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