In any recovery attempt, EUR/USD will face tough resistance

The EUR/USD is still licking its wounds from the one-two punch dealt by Draghi and Powell last week but may have a hard time to recover. The Technical Confluences Indicator shows that the 1.1596 is a dense cluster of resistance lines, the Bolinger Band 15m-Middle, the Simple Moving Average 10-4h, the SMA 10-15m, the SMA 5-15m, the Fibonacci 38.2% one-day, and […]

The post In any recovery attempt, EUR/USD will face tough resistance appeared first on Forex Crunch.

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