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Recovery leg from 1.0723 double bottom (Feb 5/6) started to face increased headwinds on approach to daily Tenkan-sen (1.0810), with the base of thick daily cloud (spanned between 1.0828 and 1.0969) laying just above and adding pressure. Initial signals of recovery stall are developing on daily chart as technical studies remain bearish (daily Tenkan / […]

The post EUR/USD: Recovery Likely to Stall Under the Base of Thick Daily Cloud appeared first on Action Forex.

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