EUR/USD Outlook: Euro Rises On Fresh Optimism, But More Evidence Required To Signal Reversal

<p>The Euro benefited from Fed action and advanced 1.2% since opening in Asia, as renewed optimism boosted risk appetite. Fresh bulls broke out of two-day congestion, formed above new three-year low and generated initial positive signal on break above past two day&#8217;s highs (where strong upside rejections occurred) and Fibo barrier at 1.0838 (23.6% of [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/282238-eur-usd-outlook-euro-rises-on-fresh-optimism-but-more-evidence-required-to-signal-reversal/">EUR/USD Outlook: Euro Rises On Fresh Optimism, But More Evidence Required To Signal Reversal</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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