At a key resistance level.
At the correction phase of the Elliot wave theorem.
Failed to close beyond 38.2.
UK is showing signs of slow economic growth, losing growth momentum.
UK Employment data released tomorrow.
Failed to close below 23.6 Fib,
Last week euro rallied and made some ground, however, closed almost 50% lower than its weekly high.
Friday's reaction to the fib level and the 200 SMMA creates a strong level of support.
The weekly chart failed to create a monring star, however, it did create a bullish hammer.
Market structure suggests pressure is ...