EUR/USD Price Analysis: Bears eye weekly target, 1.2010/20
|- EUR/USD bears in control with eyes on weekly downside target, 1.2010/20.
- The M-formation is playing out to the downside.
Further to the prior analysis, EUR/USD Price Analysis: Bulls take on the bear's commitments at key resistance, the price has behaved as expected.
Prior analysis, 4-hr chart
Live market, 4-hr chart
As illustrated, the price was rejected at foreseen resistance and has melted to the downside, towards a weekly swing target.
The full analysis can be seen here: The Chart of the Week: EUR/USD enters the bear's lair
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