Forex
EUR/USD Price Navigates Between Key Arc Levels in Neutral-Bearish Bias
The EUR/USD price is currently navigating between two key levels - the 0.618 Arc and the 0.786 Arc, according to analysis using the Arc Cycle method on a 4-hour chart.
Price is oscillating within this range as it progresses through a mid-cycle consolidation phase, moving towards the lower Arc level of 0.786. This indicates that the market is in a neutral-bearish bias at present.
The analysis suggests that there may be a potential counter-move towards the upper Arc before bearish continuation. However, the broader cycle structure remains oriented towards testing the 0.786 Target Arc.