EUR/USD Holds Near 1.16622 as Pressure Builds

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EUR/USD Holds Near 1.16622 as Pressure Builds

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EUR/USD Hourly, Daily And Weekly Candle Charts EUR/USD is trading near 1.16511 against the daily pivot at 1.16683, so the chart set below separates the intraday reaction from the daily close and the wider weekly position. EUR/USD H1 candlestick chartAcross the hourly tape with price near 1.16511 favours caution on longs until the structure improves. The useful evidence is sellers closed the latest candle below its open inside a 1.16500-1.16543 candle range, the recent sequence is still leaning lower, while price is testing support near S1 1.16571. A better signal would be the next hourly close should either defend the reaction zone or expose a false start; Around the decision...

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