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- EUR/USD Price Analysis: Bulls eye a break of 1.0171 structure
EUR/USD Price Analysis: Bulls eye a break of 1.0171 structure
- EUR/USD is stalling on the downside and there is a focus on the potential of a key break of structure.
- Bulls need to get over the 1.0171 swing point in the 15-min time frame.
Following the prior analysis, EUR/USD Price Analysis: Bulls could be about to make a move, the price of EUR/USD has stalled in an area that was presumed to be support. This could result in a bullish correction that could eventually result in an upside continuation leaving behind the outcome of an inverted head and shoulders.
EUR/USD daily chart
From a lower time frame, the price is breaking the trendline resistance which could lead to a basis of a bullish correction in the higher time frames:
EUR/USD M15 chart
1.0171 is a swing point on the 15-min time frame that, it broken, could be a significant development in the bull's quest for higher levels.
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