Daily Market Updates: EURUSD – Weak Economic Data and Fragile Political Situation Likely to Cap Recovery

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EURUSD – Weak Economic Data and Fragile Political Situation Likely to Cap Recovery

Reported · Written up by our desk · Major Pairs

EURUSD stays constructive on Tuesday after recovering from Monday’s gap-lower opening and dip below 1.12 handle, reinforced by 10DMA, but so far lacks strength for fresh attack at falling 20DMA (1.1257) which capped Friday’s rally. Technical picture remains predominantly bearish on daily chart as 14-d momentum holds in the negative territory since Sep 9 and […] The post EURUSD – Weak Economic Data and Fragile Political Situation Likely to Cap Recovery appeared first on ActionForex .

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Action ForexEURUSD – Weak Economic Data and Fragile Political Situation Likely to Cap Recovery

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EURUSD – Weak Economic Data and Fragile Political Situation Likely to Cap Recovery

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