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EUR/USD Flirts With 20-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, May 11, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    EUR/USD ended the sixth consecutive trading session with a moderate loss, but the spot is still being provided with bullish momentum coming from the 20-day SMA and March-April uptrend at 1.1372. A recovery is beginning to appear is a more favourable scenario, as another support is guarding the cross at[​IMG]

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