EURUSD – near term action positively aligned but overall picture remains bearish
Near-term action remains constructive and attempts on the upper side of four-week range, following repeated downside rejection at 1.1100 zone (reinforced by 200WMA).
Fresh positive momentum supports the action which requires clear break above 1.1237/47 (Monday’s peak / Fibo 23.6% of 1.1711/1.1104 descend) to generate initial bullish signal (base…
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