The Euro dips in European trading on Monday after last Friday’s post-NFP advance faced strong headwinds at the base of thick falling daily cloud (1.1361). Extended consolidation of a larger downtrend from 2021 high (1.2349) was repeatedly capped by daily cloud base, suggesting that the upside is limited, while the action remains weighed by the […]
The post EEUR/USD Outlook: The Base of Thick Daily Cloud Continues to Cap and Keep Larger Bears Intact appeared first on Action Forex.
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