The EURUSD starts the new day with the bears still in control ...Middle East

The EURUSD fell to new low in 2024 and low going back to October 2023 in trading yesterday. The low price reached to 1.0495. That low got within 12 pips of the low swing area target at 1.0483 (see red circles on the chart above). The price rebounded into the close with the pair moving to a high of 1.0582. Recall from earlier this week on Tuesday, the low reached 1.0594 after breaking to a new 2024 low at 1.06005 (going back to August). That break failed. Then on Wednesday, a new low was made in the European session at 1.0592 and again the break failed. Later in the day, both those level were broken and stayed broken on the corrective move higher (see the chart below). That holding under t

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The EURUSD starts the new day with the bears still in control ...Middle East

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