200-Day SMA Again Restricts EURUSD Advance

Discussion in 'Technical Analysis' started by Kaitlin, Dec 14, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    During its bounce from 23.6% Fibonacci Retracement Level of August highs to December lows, the EURUSD extended its up-move, triggered following the ECB disappointment, to highest levels in more than a month; however, 200-day SMA restricted the pair's further gains, indicating an end to short-covering rally if the pair closes[​IMG]

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