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Latest impact: EURUSD Bearish Move is On
Reminder: EURUSD Bottom if far from over. The euro last week has dipped to a two-month low against the dollar and interest rates on German sovereign bonds have ticked upwards. The euro closed below the 38% Fib line of the latest rally that started in Jul, an indication that a lower-low is to preside. Any rally towards 12800 along with a dip towards are sellable targeting 12610. Only a close above 12877 negates the bearish scenario.