EUR/USD Bears Target Key Support Levels as Bulls Struggle to Sustain Momentum
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EUR/USD
Higher timeframes
The bears once again managed to neutralize all the opponent's efforts, returning to the support and attraction zone of the monthly medium-term trend (1.0901) and the upper boundary of the daily cloud (1.0882).
If the bulls fail to continue the upward move and establish a new high (1.1012) in the near future, the opposing side will set more global targets.
The immediate bearish plans will include breaking the weekly supports (1.0862-66), exiting the daily cloud into bearish territory (1.0806), and eliminating the daily golden cross of the Ichimoku (1.0780), which is reinforced by the weekly medium-term trend (1.0789).
