EUR/USD Spikes Back To Reach 55-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, Mar 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    In the run up to Friday's US payrolls data, the EUR/USD cross skyrocketed the most since February 9 and retested the January-February uptrend line. The bulls were limited by the 55-day SMA, currently at 1.0970. This moving average is succeeded by another bunch of resistances including the 20-day SMA, weekly[​IMG]

    Continue reading...

Share This Page

free forex signals