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USD/JPY keeps struggling to overcome 114.00

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD returns to 1.10 ahead of ECB week “I don’t think the ECB will disappoint.” - AllianceBernstein (based on Bloomberg) Pair’s Outlook EUR/USD booked another bullish trading session last Friday, with gains extending beyond the 55-day SMA at 1.0972. After touching the 200-day SMA at 1.1045, the pair was forced to come back and finished the week at 1.10. The exchange rate will be turbulent this week, as the ECB decision approaches on March 10. Growth above the 200-day SMA

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