EUR/USD: Bulls Pausing for Consolidation

<p><img width="612" height="459" src="https://www.actionforex.com/wp-content/uploads/2018/07/f-eur71.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2018/07/f-eur71.jpg 612w, https://www.actionforex.com/wp-content/uploads/2018/07/f-eur71-600×450.jpg 600w, https://www.actionforex.com/wp-content/uploads/2018/07/f-eur71-80×60.jpg 80w, https://www.actionforex.com/wp-content/uploads/2018/07/f-eur71-265×198.jpg 265w, https://www.actionforex.com/wp-content/uploads/2018/07/f-eur71-560×420.jpg 560w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>EURUSD regained traction early Thursday and reduced downside risk, as two-day pullback was strongly rejected on Wednesday. Technical studies are mixed on daily chart as bullish momentum is fading while moving averages remain in bullish configuration, lacking clearer direction signal, although overall picture is bullish. German Nov PMI’s came above forecasts and lifted the single [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/528687-eur-usd-bulls-pausing-for-consolidation/">EUR/USD: Bulls Pausing for Consolidation</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *