EURUSD: Forex Pair 4H TF Market Outlook

The EURUSD shows bearish trend on 4H timeframe, with anticipation of price hitting support at 1.07208/1.06700, potentially leading to reversal and head/shoulder formation at 1.09055. Possibility of minor support hit at 1.07208/1.06701. Market volatility may be affected by Powell's speech and EU Economic Forecasts, hoping for a positive outlook.

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Price reached the critical support level as expected. What's next?
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