EUR/USD At 4-Week Low, Supported By 1.1220

Discussion in 'Technical Analysis' started by Kaitlin, Apr 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Last Friday the EUR/USD pair traded down and closed at the 1.1220 mark, posting a more than 60-pip daily slump. Short-term upward correction seems very possible, as the exchange rate has neared the bunch of supports around 1.12, namely the monthly pivot point and 55-day SMA. They are followed by[​IMG]

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