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EUR/USD: Weekly Close Below Key Fibo Support Was Bearish Signal
The Euro is consolidating within a narrow range in early Monday following strong acceleration lower last Thu/Fri and the biggest weekly loss since mid-February. The pair also registered a weekly close below pivotal Fibo support at 1.0874 (38.2% of 1.0516/1.1095 rally), which generated bearish signal and further soured near-term sentiment. Bears cracked rising 55DMA (1.0851) […] The post EUR/USD: Weekly Close Below Key Fibo Support Was Bearish Signal appeared first on Action Forex...
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Posted: May 15 2023, 07:44
Author Name: actionforex
Views: 081748