EUR/USD Price Analysis: Bulls eye 50% mean reversion By ross_burland EURUSD Technical Analysis
50% mean reversion on H1 chart is compelling for sessions ahead. as defined between the last bearish impulse to the lows, the correction that was followed by a subsequent drop only to rally again for a fresh corrective high.
If this were to hold, then the bulls could be encouraged to pile in and drive the price higher. In doing so, the 50% mean reversion of the original bearish impulse that has a confluence with the old support structure that could be targetted for the foreseeable future, as illustrated as follows:Information on these pages contains forward-looking statements that involve risks and uncertainties.
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