EURUSD – Repeated Probe Through Pivotal Supports Adds to Negative Near-term Bias

<p><img width="612" height="350" src="https://www.actionforex.com/wp-content/uploads/2022/03/f-eur205.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2022/03/f-eur205.jpg 612w, https://www.actionforex.com/wp-content/uploads/2022/03/f-eur205-600×343.jpg 600w, https://www.actionforex.com/wp-content/uploads/2022/03/f-eur205-150×86.jpg 150w, https://www.actionforex.com/wp-content/uploads/2022/03/f-eur205-300×172.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Bearish pressure rises on break below 200DMA (1.0841) and probe through 1.0821 Fibo support (76.4% retracement of 1.0723/1.1139 upleg), as fresh bears also violate the floor of four-day congestion. Firm break lower to signal continuation of short-term downtrend from 1.1139 (Dec 28 peak) and expose targets at 1.0771 / 56 (100DMA / daily cloud base) […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/537378-eurusd-repeated-probe-through-pivotal-supports-adds-to-negative-near-term-bias/">EURUSD – Repeated Probe Through Pivotal Supports Adds to Negative Near-term Bias</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>