EUR/USD Outlook: Limited Recovery Warns Of Fresh Weakness

<p>The Euro holds in directionless, 25-pips range on Monday, with attempts to extend last Friday’s recovery remaining capped by 1.0891/99 (broken Fibo 50% of 1.0637/1.1147 ascend, reinforced by converged 5/10DMA’s and broken bull-trendline off 1.0635). Daily studies are in negative setup, with near-term action being weighed down by last week’s bull-trap. While the upside stays […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/288546-eur-usd-outlook-limited-recovery-warns-of-fresh-weakness/">EUR/USD Outlook: Limited Recovery Warns Of Fresh Weakness</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>