EUR/USD Friday’s four-hour chart is pointing to an advantage for the bears, as FXStreet’s analyst Yohay Elam notes.
Key quotes
“EUR/USD dropped below the uptrend support line that accompanied it since last week and also fell below the 50 and 100 Simple Moving Averages on the four-hour chart.”
“Some support awaits at 1.0840, which was a stepping stone for the pair on its way up. The weekly low of 1.0815 is the next level to watch.”
“Resistance is at 1.0930, which was a swing high last week. April’s peak of 1.0995 is the next up.”
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