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EUR/USD Comes Under 55-Day SMA To Expose 1.09

Discussion in 'Technical Analysis' started by Kaitlin, Dec 11, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    EUR/USD traded down on Thursday, after the 200-day SMA managed to create a formidable resistance for bullish traders at 1.1031. Yesterday's session resulted in a decline below 55-day SMA, currently at 1.0972. Now we are having a closer look at the 1.09 mark, which is guarded by monthly R1 and[​IMG]

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