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EURUSD is pressuring pivotal support at 1.1040 (Fibo 38.2% of 1.0781/1.1200 bull-leg), after facing several rejections at this level recently. Tuesday’s action is so far holding in a narrow range, following a strong fall in past two days, with near-term bears hesitating here, due to mixed technical signals on 4-hr and daily chart. Weaker German […]

The post EUR/USD: Faces Again Strong Headwinds at Pivotal Fibo Support appeared first on Action Forex.

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