EURUSD opened the week silently, hovering near Friday’s closing price and around the 20-day simple moving average (SMA) at 1.1046. The 1.1120 – 1.1180 territory, which has been a key constraint to upside and downside movements since the end of November, remains the main target following the bounce off 1.0805. Interestingly, the 61.8% Fibonacci retracement of the 1.0636 […]
The post EURUSD Faces Fading Bearish Bias, But Confirmation Required appeared first on Action Forex.
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