EUR/USD Outlook: Limited Correction Likely to Precede Fresh Weakness

<p>Bears are consolidating above new seven-month low (1.1145, posted on last week’s 1.74% fall) on Monday, with limited bounce before larger bears regain full control, seen as likely scenario. Oversold stochastic on daily chart signals correction, but 14-period momentum on both, daily and weekly chart, remains deeply in negative territory, reinforcing underlying bearish bias. Upticks […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/427377-eur-usd-outlook-limited-correction-likely-to-precede-fresh-weakness/">EUR/USD Outlook: Limited Correction Likely to Precede Fresh Weakness</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>