The EURUSD dipped in the early U.S. session, briefly breaking below support at 1.1698–1.1703. The decline extended to 1.1692 before rebounding back above the 1.1703 mark. The recovery pushed the pair to a session high of 1.1723, but momentum has since faded, and the price has rotated lower again.
I continue to view 1.1698–1.1703 as a pivotal short-term level. Holding above this zone keeps the upside bias intact and favors buyers. However, a sustained break back below would weaken that bias, and I’m less confident the earlier dip-and-bounce pattern would repeat
Hence then, the article about eurusd technicals watching the 1 1700 area as close support for buyers in the short term was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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