EUR/USD stays defensive above the 1.0690 barriers turned support

 

Seesawing at a seven-month high, the EUR/USD breaks a two-day winning run. Prices are held in check by one-week-old prior resistance even though purchasers seem to be losing pace.

Additional negative filters come from the 50-HMA and the rising trend line from December 22. During Monday’s weak trading session, the previous bull run shows weariness in the EUR/USD pair.

This causes the leading currency pair to reverse the upward breach of the previous resistance line that served as support for the previous day.

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