EUR/USD flubs the 1.0700 handle as bearish flows keep the Fiber pinned. Broad-market sentiment favored the Greenback on Wednesday as rate cut hopes dry up. Late-week key data prints to drive market momentum after an easy start to the week. EUR/USD backslid into the 1.
0722 and a supply zone baked in below 1.0680. The Fiber is poised for a fresh decline into new near-term lows below 1.0660 if buyers aren’t able to shake off a pattern of descending highs. A rough descending channel is keeping daily candlesticks tilted towards the downside, and price action continues to waffle on the south side of the 200-day EMA at 1.0796. A last bearish push to 1.0600 could see a bullish bounce back towards chart territory north of 1.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »