- EUR/USD may have run its course and bulls are laying the table.
- A break of key support structures could be on the cards for the week ahead.
EUR/USD is stalling on the bid but underlying momentum is undeniable. At the time of writing the Single Currency is probing key resistance as the following illustrates, However, bears are planning their gameplay as the following charts will lean towards. Meanwhile, the US Dollar has bounced in a correction as markets crystallized the sentiment on the charts that the Federal Reserve is near the end of its rate hike cycle amid softening inflation.
Zooming in, bears are eyeing the deceleration and prospects of a significant correct as shown in the above top-down analysis.