Daily Pivots: (S1) 1.2086; (P) 1.2116; (R1) 1.2157; More… EUR/USD retreats notably after hitting 4 hour 55 EMA. But still, as a short term bottom should be formed at 1.2052, another rise remains mildly in favor. Rebound form 1.2052 would target a test on 1.2348 high. However, decisive break of 1.2058 cluster support (38.2% retracement
The post EUR/USD Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.2086; (P) 1.2116; (R1) 1.2157; More… EUR/USD retreats notably after hitting 4 hour 55 EMA. But still, as a short term bottom should be formed at 1.2052, another rise remains mildly in favor. Rebound form 1.2052 would target a test on 1.2348 high. However, decisive break of 1.2058 cluster support (38.2% retracement […]
The post EUR/USD Mid-Day Outlook appeared first on Action Forex.