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EUR/USD Lunges At 200-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, Feb 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro rebounded after it touched upon the formidable 1.0970/50 demand area. However, the 200-day SMA remains intact, and it still might not let the rate to exit this week's range. In case of a close above 1.1050, the rally will have a good chance of extending up to 1.1115,[​IMG]

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