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Home / Forex Analysis / EUR/USD Price Challenges 1.0470 Key Resistance, Awaiting US ISM Data

EUR/USD Price Challenges 1.0470 Key Resistance, Awaiting US ISM Data

Posted by: Forex Crunch in Forex Analysis July 1, 2022

The EUR/USD pair maintains a bearish bias despite the current rebound. A new lower low activated a larger drop. Making a valid breakout above the upper median line (UML) could confirm a larger rebound. The EUR/USD price rallied in the short term after failing to take out the 1.0396 downside obstacle. It climbed as high … Continued
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