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EURUSD Trading Near Crucial Juncture

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Key Highlights Euro after trading close to the 1.1380 resistance area against the US Dollar found sellers and started to move down. There is a bullish trend line formed on the hourly chart, which is acting as a support and preventing major losses. The EURUSD pair is below the 100 hourly simple moving average, which is a negative sign for the bulls. As long as the pair is above the trend line and support area it may recover in the short term. EURUSD Technical Analysis The EURUSD pair moved down

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