EUR/USD: Euro Loses Ground, Key Supports Under Increased Pressure

<p><img width="544" height="317" src="https://www.actionforex.com/wp-content/uploads/2018/03/f-eur28.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></p>
<p>The Euro accelerated lower in Europe, shifting near term focus to the downside after a double failure at psychological 1.10 barrier. Fresh bears pressure pivotal Fibo support at 1.0875 (38.2% retracement of 1.0448/1.1139, reinforced by rising 55DMA), with firm break here to signal an end of extended consolidation, completion of a double-top (1.10) and further [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/535512-eur-usd-euro-loses-ground-key-supports-under-increased-pressure/">EUR/USD: Euro Loses Ground, Key Supports Under Increased Pressure</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>