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EUR/USD plans to attack 200-day SMA

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD plans to attack 200-day SMA “The Fed is aware that the pain from a strong dollar is a lot worse in some parts of the country than the headline suggests.” - TD Securities (based on Bloomberg) Pair’s Outlook EUR/USD advanced for a third trading day in a row on Monday and neared the monthly pivot point at 1.1021, which is succeeded by the 200-day SMA at 1.1045. Bullish momentum is strong, and it was able to reverse earlier intraday losses yesterday. We are now looking

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