EUR/USD Signals Risk for Exhaustion

[url=]#Euro has broken multi-week channel support after failing to secure a breach of key resistance at 1.1033/70.

EURUSD now threatens a possible test of broader uptrend. Initial support at 1.0874 backed by 1.0737- losses should be limited by this threshold IF price is heading higher.

Breach from here would expose 1.1275.

#FOMC & #ECB on tap.

Michael Boutros, Sr Technical Strategist with FOREX.com

MBForex
Trend Analysis

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