EUR/USD: Near-Term Action Remains in Sideways Mode and Looks for Direction Signals

<p><img width="612" height="444" src="https://www.actionforex.com/wp-content/uploads/2018/09/f-eur98.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2018/09/f-eur98.jpg 612w, https://www.actionforex.com/wp-content/uploads/2018/09/f-eur98-600×435.jpg 600w, https://www.actionforex.com/wp-content/uploads/2018/09/f-eur98-324×235.jpg 324w, https://www.actionforex.com/wp-content/uploads/2018/09/f-eur98-579×420.jpg 579w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Near-term action remains directionless and holding within the range which extends into fourth consecutive day. Friday’s long-legged Doji, left after turbulent post-NFP action, contributes to sideways mode, along with mixed daily technical studies. Moving averages are setup, though converging 55/200DMA’s are on track to generate bullish signal on potential formation of a golden cross. Also, […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/534372-eur-usd-near-term-action-remains-in-sideways-mode-and-looks-for-direction-signals/">EUR/USD: Near-Term Action Remains in Sideways Mode and Looks for Direction Signals</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>