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- EUR/USD Price Analysis: Bears in control below 1.1350, eyes on 1.1250
EUR/USD Price Analysis: Bears in control below 1.1350, eyes on 1.1250
- 1.1350 old support now turns to new resistance in EUR/USD.
- There is a bias to the downside with 1.1250 in focus.
EUR/USD fell from 1.1377 to 1.1315 on Friday and there could be more in store from this pair to the downside for the opening sessions this week. According to the daily chart's market structure, 1.1250 could come under pressure on a breakout below 1.1310.
As per the prior analysis, EUR/USD Price Analysis: Bears looking for a downside extension for the week ahead, if was stated that ''the price was testing daily resistance and if this holds, the focus should have been on the downside.''
EUR/USD price analysis
EUR/USD live market
As seen, the price is moving in accordance with the forecasted price trajectory. 1.1350 old support now turns to new resistance and while below there, the bias is to the downside with 1.1250 in focus.
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