EUR/USD rose further to 1.2348 last week as up trend continued. But the break of 1.2214 support argues that a short term top was formed, on bearish divergence condition in 4 hour MACD. Initial bias is mildly on the downside this week for pull back. But downside should be contained by 1.2058 cluster support (38.2%
The post EUR/USD Weekly Outlook appeared first on Action Forex.
EUR/USD rose further to 1.2348 last week as up trend continued. But the break of 1.2214 support argues that a short term top was formed, on bearish divergence condition in 4 hour MACD. Initial bias is mildly on the downside this week for pull back. But downside should be contained by 1.2058 cluster support (38.2% […]
The post EUR/USD Weekly Outlook appeared first on Action Forex.