Technical Analysis and Outlook
The Euro Dollar bearish price action is in a corrective mode and well established following completion of the Outer Currency Rally $1.1173, and formed Key Res $1.1173 'TARC' - Sell signal.
This could worsen as the price was to drift to the support zone of the Mean Sup $1.1031. The $1.1031 price level from this position is essential 'rapid-fire' short-term traders buy decision zone.
The Euro Dollar bearish price action is in a corrective mode and well established following completion of the Outer Currency Rally $1.1173, and formed Key Res $1.1173 'TARC' - Sell signal.
This could worsen as the price was to drift to the support zone of the Mean Sup $1.1031. The $1.1031 price level from this position is essential 'rapid-fire' short-term traders buy decision zone.