EUR/USD To Approach Weekly/Monthly PPs

Discussion in 'Technical Analysis' started by Kaitlin, May 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    EUR/USD posted a considerable 80-pip decrease in value on May 6, but no major technical levels were breached. This is because the closest demand is placed as low as 1.1376, namely the weekly/monthly pivot points and 20-day SMA. However, if bearish pressure persists throughout Friday, then the pair is likely[​IMG]

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