EUR/USD Price Analysis: Bulls moving in on key resistance

EUR/USD bulls are above 1.0770 with 1.0820 eyed.
Bears target 1.0700 on break of micro trendline.

Ross J Burland FXStreet

As per the prior analysis, EUR/USD Price Analysis: Gearing up for the Fed at 1.0800 resistance, support eyed at 1.0770, where it stated, ´´so long as the support structure holds between 1.0700 and 1.0750/60, there will be prospects of a bullish continuation for the foreseeable future,´´ the bulls have stuck to the course and took on 1.0900.

EUR/USD prior analysis

EUR/USD update

The price has rallied towards prior highs, but the correction took place into support.

The bulls now need to stay above 1.0770 and then get over 1.0820 or face pressures with 1.0700 eyed.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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