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EUR/USD: Bears Gain Traction on Break of Pivotal Fibo Support/Recent Range Floor

EUR/USD: Bears Gain Traction on Break of Pivotal Fibo Support/Recent Range Floor
The Euro remains at the back foot in early Friday following 0.6% drop on Thursday, which generated bearish signal on eventual close below pivotal Fibo support at 1.0960 zone (23.6% retracement of 1.0516/1.1095 rally/daily Kijun-sen). Eventual break and close below 1.0960 after several rejections at this zone signals an end of near-term directionless mode (the […] The post EUR/USD: Bears Gain Traction on Break of Pivotal Fibo Support/Recent Range Floor appeared first on Action Forex... Read More
Posted: May 12 2023, 09:19
Author Name: actionforex
Views: 081715

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