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Bearish pressure rises on break below 200DMA (1.0841) and probe through 1.0821 Fibo support (76.4% retracement of 1.0723/1.1139 upleg), as fresh bears also violate the floor of four-day congestion. Firm break lower to signal continuation of short-term downtrend from 1.1139 (Dec 28 peak) and expose targets at 1.0771 / 56 (100DMA / daily cloud base) […]

The post EURUSD – Repeated Probe Through Pivotal Supports Adds to Negative Near-term Bias appeared first on Action Forex.

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09/08/2024

EURGBP Wave Analysis

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