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EUR/USD Attempts To Bounce Off 55-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, Jan 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Last trading day of 2015 was bearish for the EUR/USD currency pair when it tumbled below the 1.09 mark to settle near 1.0855. During the January 4 Asian session, however, we are seeing a confident recovery around 1.09. This level is reinforced by the weekly pivot point and, if violated,[​IMG]

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