EUR/USD Outlook: Further Weakness Seen On Close Below Key Fibo Support As Bull-Trap Weighs

<p>The Euro holds in red for the third consecutive day and probes again below cracked strong Fibo support at 1.0831 (61.8% of 1.0635/1.1147) after Thursday’s attack failed to clearly break lower. Stronger dollar weighs on the single currency, which accelerated lower after bull-trap above 55DMA. Converged 5/10DMA’s and 30/55DMA’s are about to form bears-crosses which [&#8230;]</p>
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