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EUR/USD: Euro Likely to Weaken Further After Consolidation

EUR/USD: Euro Likely to Weaken Further After Consolidation
The Euro is consolidating above new multi-week low in early Friday’s trading, as bears take a breather after acceleration on Thursday which resulted in 0.64% daily drop and break of key supports. Thursday’s close below 1.0805/1.0791 pivots (50% retracement of 1.0516/1.1095/daily cloud base) generated strong bearish signal and added to negative near-term outlook, opening prospects […] The post EUR/USD: Euro Likely to Weaken Further After Consolidation appeared first on Action Forex... Read More
Posted: May 19 2023, 09:29
Author Name: actionforex
Views: 102525

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