EURUSD rebounded off the 20-month low of 1.1120 that it posted in the previous week after the aggressive downside move below the short-term ascending trend line. Technically, the 20- and 40-day simple moving averages (SMAs) are ready for a bearish cross in the short-term, and the MACD oscillator is extending its bearish structure below its trigger and zero […]
The post EURUSD Recoups Some Losses from 20-Month Low; Broader Outlook is Bearish appeared first on Action Forex.
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