EUR/USD back under strong bearish pressure after falling from resistance at 1.3133. Price is currently engaged in a phase of consolidation approaching resistance area in the range of 1.3022 - 1.3065. Bearish signal that may be confirmed in the range is likely to be a sell signal with a target in the range of 1.2996 - 1.2954. Furthermore, the penetration of the support at 1.2954 is expected to increase and potentially bearish pressure will push EUR/USD to range 1.2912 - 1.2865.
Intraday bias will turn bullish if resistance at 1.3065 broke. If that happens, the EUR/USD is expected to move up into the range of 1.3091 - 1.3133.
Intraday bias will turn bullish if resistance at 1.3065 broke. If that happens, the EUR/USD is expected to move up into the range of 1.3091 - 1.3133.
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