forex.pm forex forum binary options trade - EUR/USD: Bulls Face Headwinds at Key Fibo Barrier

The Euro is trading near five-month high on Monday and cracked pivotal Fibo barrier at 1.0578 (38.2% of 1.2266/0.6535 downtrend), but quick pullback indicates that bulls face headwinds. Last Friday's Hanging Man candle was initial warning that bulls may run out of steam, with overbought daily studies and weakening bullish momentum, adding to the notion. […]

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