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EUR/USD Bounces Off 200-Hour SMA

Discussion in 'Technical Analysis' started by Kaitlin, Jun 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    EUR/USD continued its rally in the first half of Tuesday and reached the 200-hour SMA at 1.1170. However, the pair bounced off the moving average midday and depreciated to 1.1130 at the end of the day, 20 pips lower than the 1.1150 level reached earlier the same day. With the[​IMG]

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