EUR/USD Outlook: Euro Dips On Weak German Data, Risk Of Recovery Stall Increases

<p>The Euro fell to session low after downbeat German business climate data and probes below Friday’s low (1.2151). Fresh weakness returns below broken Fibo barrier at 1.2166 (38.2% of 1.2349/1.2053), generating initial signal of recovery stall after last week’s rally was capped by converged 20/30 DMA’s (1.2191). Today’s close below 1.2166 would increase downside risk […]</p>
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