EUR/USD: Bears Tighten Grip After Break of Another Strong Support

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<p>EURUSD remains firmly in red and hits two-month low on Monday morning, in extension of Friday’s 0.8% drop (the biggest daily loss since Jan 2). Fresh weakness broke through significant support at 1.0776 (100DMA) increasing pressure on next pivotal supports at 1.0723/12 (Dec 8 higher low / Fibo 61.8% of 1.0448/1.1139 rally), violation of which […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/538406-eur-usd-bears-tighten-grip-after-break-of-another-strong-support/">EUR/USD: Bears Tighten Grip After Break of Another Strong Support</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>