EUR/USD: Bears to Resume After Limited Consolidation

<p>EURUSD is consolidating just above pivotal Fibo support at 1.0695 (76.4% of 1.0516/1.1275) in early Friday, as larger bears found temporary footstep here. The pair is on track for the eight consecutive weekly close in red which reinforces overall bearish structure. Daily chart shows 14-d momentum deeply in negative territory and moving averages in full [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/517848-eur-usd-bears-to-resume-after-limited-consolidation/">EUR/USD: Bears to Resume After Limited Consolidation</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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