EUR/USD Price Analysis: Enough From The Bulls And Will The Bears Make Their Move?

EUR/USD is stalling on the bid but underlying momentum is undeniable. At the time of writing the Single Currency is probing key resistance as the following illustrates, However, bears are planning their gameplay as the following charts will lean towards. Meanwhile, the US Dollar has bounced in a correction as markets crystallised the sentiment on the charts that the Federal Reserve is near the end of its rate hike cycle amid softening inflation.

 

EUR/USD analysis

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

Zooming in, bears are eyeing the deceleration and prospects of a significant correct as shown in the above top-down analysis.


More By This Author:

AUD/USD Retreats From 0.6900 Neighborhood, Bullish Potential Seems Intact
USD/JPY Sinks To Two-Month Low Amid Softening US Inflation, Fed Rate Hike Speculations
USD/JPY Falls Back From 139.00 As Soft US CPI Assures Only One Rate Hike By Fed This Year

Disclaimer: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only ...

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