EUR/USD Stabilises Ahead Of 200-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, Feb 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    EUR/USD undergoes a downside correction within a bullish channel. Our bias is therefore bearish until the rate reaches the 1.0970/60 area, probably in a week's time. There, the lower bound of the pattern is reinforced by numerous studies, including the monthly R1 and 100-day SMA. The nearest significant support is[​IMG]

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