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EURUSD – Near Term Action Positively Aligned but Overall Picture Remains Bearish

Reported · Written up by our desk · Major Pairs

Near-term action remains constructive and attempts on the upper side of four-week range, following repeated downside rejection at 1.1100 zone (reinforced by 200WMA). Fresh positive momentum supports the action which requires clear break above 1.1237/47 (Monday’s peak / Fibo 23.6% of 1.1711/1.1104 descend) to generate initial bullish signal (base formation and reversal). While the structure […] The post EURUSD – Near Term Action Positively Aligned but Overall Picture Remains Bearish appeared first on ActionForex .

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