Bull vs Bears on EUR/USD
To a greater extent, EU respected almost all the levels highlighted in yesterday’s analysis. The Bulls took over right from the upper TL of the channel shown in the chart attached to yesterday’s analysis. But they couldn’t drag it beyond the 2820 resistance.
Currently, EU is trading around 2771 support region again and a successful break of it could take us to 2741. A break of 2741 could dash the hope of the Bulls and 2700 will be the next target. On the other side, if EU finds support along the line, 2820 could be revisited as that looks like a comfort zone for the Bulls.