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EUR/USD Returns To 1.10 Ahead Of ECB Week

Discussion in 'Technical Analysis' started by Kaitlin, Mar 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    EUR/USD booked another bullish trading session last Friday, with gains extending beyond the 55-day SMA at 1.0972. After touching the 200-day SMA at 1.1045, the pair was forced to come back and finished the week at 1.10. The exchange rate will be turbulent this week, as the ECB decision approaches[​IMG]

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