EURUSD was sharply down on Monday morning after weaker than expected German and French PMI’s (German manufacturing PMI at 40.3 warns of recession) soured sentiment. Fresh weakness adds to reversal signals from recent repeated strong upside rejections on approach to pivotal 1.1200 barrier (Aug 26 high / round-figure). Bears cracked lower pivots at 1.1100 zone […]
The post EUR/USD Outlook: Weak Data Deflate Euro But Larger Bulls Remain in Play appeared first on Action Forex.
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