EURUSD has been losing ground since the beginning of the year, creating a clear structure of lower highs and lower lows. Although the pair managed to cross above both its descending channel and the 50-day simple moving average (SMA), it quickly retraced lower slightly below parity. The momentum indicators currently suggest that bullish forces are subsiding […]
The post EURUSD Drops Below Parity But Remains Above Descending Trendline appeared first on Action Forex.
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