Recovery from new two-year low extends into third straight day and pressuring pivotal Fibo barrier at 1.0920 (38.2% of 1.1184/1.0757 bear-leg, reinforced by 20DMA). Wednesday’s close above 10DMA (1.0845) generated initial bullish signal which looks for confirmation on clear break of 1.0920 that would open way for test of key obstacles at 1.0971/1.1000 (50% retracement […]
The post EURUSD: Recovery Looks for More Positive Signals on Break of Pivotal Barrier appeared first on Action Forex.
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