EUR/USD: Recovery to Face Strong Headwinds at Strong1.0740 Resistance Zone
The Euro remains at the front foot in and continues a gradual extension higher after the pullback from December’s high at 1.0736 (posted on Dec 15, the highest in seven months), found solid ground at 1.0580 zone (broken Fibo 38.2% of 1.2266/0.9535 fall / rising 20DMA). Initial signs of a higher base need confirmation on […] The post EUR/USD: Recovery to Face Strong Headwinds at Strong1.0740 Resistance Zone appeared first on Action Forex.
The Euro remains at the front foot in and continues a gradual extension higher after the pullback from December’s high at 1.0736 (posted on Dec 15, the highest in seven months), found solid ground at 1.0580 zone (broken Fibo 38.2% of 1.2266/0.9535 fall / rising 20DMA). Initial signs of a higher base need confirmation on […]
The post EUR/USD: Recovery to Face Strong Headwinds at Strong1.0740 Resistance Zone appeared first on Action Forex.
