EURUSD edges higher on Thursday morning as oversold daily studies prompted partial profit taking. Recovery is unlikely to be significant as the pair is in a larger downtrend, driven by negative technical and fundamentals. Release of PMI data from EU, Germany and France showed that French business activity contracted more in October, while results from […]

The post EUR/USD Outlook: Overall Negative PMI Data and Dovish ECB to Weigh on Current Recovery Attempts appeared first on Action Forex.

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