EUR/USD: Fresh Reversal Signal Still Needs Confirmation

BY admin admin

<p>Bears started to gain control on Wednesday after larger uptrend ran out of steam, leaving triple-Doji (Fri/Mon/Tue). Fresh weakness cracked initial support at 1.1200 (round-figure / the floor of three-day congestion, with sustained break lower seen as minimum requirement for initial reversal signal. Fresh bears eye Fibo support at 1.1171 (23.6% retracement of 1.0833/1.1275 upleg), […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/510652-eur-usd-fresh-reversal-signal-still-needs-confirmation/">EUR/USD: Fresh Reversal Signal Still Needs Confirmation</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

Netflix EPS of $3.29 on revenues of $8.19 billion

<p>Netflix earnings for 2Q show:</p><ul><li>earnings-per-share $3.29 versus expected $2.86</li><li>revenues $8.19 billion versus expected $8.29 billion</li>&l

Forex

China regulators probe hedge funds and brokerages amid public outcry on market weakness

<p>The crackdown continues in China as officials are obviously unhappy over how things are unfolding in domestic markets as of late. The report here highlights more unofficial measures taken up,

Forex

US Senate Majority Leader McConnell: Very close to a deal on economic package bill

US Senate Majority Leader Mitch McConnell noted lawmakers were very close to finalizing the coronavirus relief bill on Tuesday, as reported by Reuters

Copyright © 2024 | WordPress Theme: Xews Lite