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The Euro narrowed range in holiday-thinned Monday trading, as bounce from last Wednesday’s 13-week low (1.0695) started to lose traction after being repeatedly capped by 100DMA (1.0790). Formation of bear-trap below Fibo 61.8% support on Friday was bullish signal, but positive impact was offset by weak daily studies (negative momentum/MA’s in bearish setup), with increased […]

The post EUR/USD: Larger Bears Likely to Resume After Limited Correction appeared first on Action Forex.

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08/12/2023

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