EURUSD edged lower on Tuesday after three-day recovery acceleration faced increased headwinds on approach to psychological 1.0700 barrier, reinforced by falling 55DMA. Recently strength started to lose traction after weaker than expected EU/German PMI’s in October added to concerns about economic growth and started to deflate risk appetite. Current pullback is supported by fading bullish […]
The post EUR/USD: Recovery Loses Traction after Weak PMI’s Hurt Fresh Bullish Sentiment appeared first on Action Forex.
