EUR/USD stays defensive around 1.0610-15 as bulls and bears jostle near the end of a volatile week, eyeing the first weekly loss in three despite the previous day’s bounce off a 10-week low.
In doing so, the Euro pair struggles to extend the U-turn from a three-week-long support line, around 1.0515 by the press time, as the 50-bar Simple Moving Average (SMA) joins the bearish MACD signals to challenge the bulls.
EURUSD h1 price is consolidating sideways in the 1.0570-1.0630 zone. With this pair, traders can wait to buy when the price goes down to retest the 1.0570 support area, SL: 1.0530, TP: 1.0630.
In doing so, the Euro pair struggles to extend the U-turn from a three-week-long support line, around 1.0515 by the press time, as the 50-bar Simple Moving Average (SMA) joins the bearish MACD signals to challenge the bulls.
EURUSD h1 price is consolidating sideways in the 1.0570-1.0630 zone. With this pair, traders can wait to buy when the price goes down to retest the 1.0570 support area, SL: 1.0530, TP: 1.0630.
