EUR/USD faces a hard ceiling if it tried to rise again

The EUR/USD is back to the well-known range after testing the upside. The next attempt may face a hard wall. The Technical Confluences Indicator shows that the pair is mired around 1.1760 in a dense cluster which includes the Fibonacci 23.6% one-week, the Bolinger Band 15m-Upper, the Simple Moving Average 50-one-hour, the SMA 5-4h, the SMA 200-15m, the Bolinger Band one-hour […]

The post EUR/USD faces a hard ceiling if it tried to rise again appeared first on Forex Crunch.

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