EUR/USD Outlook: Recovery Faces Strong Headwinds But Remains Underpinned By Bear-Trap

<p>The Euro dips in European session on Wednesday after reversal pattern was formed on daily chart but attempts to extend recovery stalled on approach to pivotal Fibo barrier at 1.2166 (38.2% of 1.2349/1.2053 bear-leg), capped by falling 10DMA (1.2155). Fundamentals remain positive for the single currency as recent upbeat data from Germany point to economic […]</p>
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