Bears are consolidating above new seven-month low (1.1145, posted on last week’s 1.74% fall) on Monday, with limited bounce before larger bears regain full control, seen as likely scenario. Oversold stochastic on daily chart signals correction, but 14-period momentum on both, daily and weekly chart, remains deeply in negative territory, reinforcing underlying bearish bias. Upticks […]
The post EUR/USD Outlook: Limited Correction Likely to Precede Fresh Weakness appeared first on Action Forex.
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