EUR/USD Price Analysis: Bears eye a break of critical support while below 1.1000 EURUSD Technical Analysis
Bears eye a break of the 1.0960s structure. has been pressured at the start of the week and remains biased to the downside as it moves toward the 1.0960s on the approach to the Tokyo open.
The US Dollar has firmed on fundamentals and has put a strain on the bullish thesis while above 1.0964 structure as the following will illustrate on the following 1-hour charts.Bears are attempting to break below the 1.0960s structure which would open the risk of a significant downside extension with 1.0909 eyed. Meanwhile, the bears could well be waiting for a premium which enables the price to correct into the Fibonacci scale as shown above on the 4-hour chart. A test of 1.
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