EUR/USD Sets Eye On 200-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, Dec 23, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Another bullish trading session was registered by the most traded FX cross on Tuesday. Daily gains amounted to 40 pips, but it was enough to violate the 55-day SMA at 1.0929. Now the nearest resistance is represented by the 50% Fibonacci retracement of an Oct-Nov downtrend and weekly R1 at[​IMG]

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