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EUR/USD To Near 200-Day SMA At 1.1097

Discussion in 'Technical Analysis' started by Kaitlin, May 30, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Upward-revised US statistics and hawkish Fed Chair Yellen sent the EUR/USD cross down by nearly 82 pips to 1.1111, the lowest marker since mid-March. We foresee more losses on the Euro's side amid Fed hike expectations. Now the 200-day SMA at 1.1097 is at the serious risk of being penetrated.[​IMG]

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