EUR/USD Rebounds On Tuesday

Discussion in 'Technical Analysis' started by Kaitlin, Aug 9, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The common European currency slightly surged on Monday, as it moved to the 1.1088 level after bouncing off the 200-day SMA at 1.1078. On Tuesday morning, the currency exchange rate moved lower and reached below the 200-day simple moving average. However, this is the third time that the pair has[​IMG]

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