EUR/USD: Bulls Hold Grip But Overbought Conditions Warn of Prolonged Consolidation

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EUR/USD: Bulls Hold Grip But Overbought Conditions Warn of Prolonged Consolidation

The Euro regained traction on Tuesday but remains within a consolidation range, signaling that larger bulls remain in play, as the pair is in steep rally for the fourth consecutive month and the action is underpinned by last week's large bullish candle. Near-term action received boost from upbeat German/EU ZEW economic sentiment data, drop in […]

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Source: EUR/USD: Bulls Hold Grip But Overbought Conditions Warn of Prolonged Consolidation