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EURUSD Analysis WC 19th November – Weekly Technical Report
EURUSD Analysis 19th November – Weekly Technical Report EUR/USD technical analysis overview. The 1.2800 area previous support lows, which are aligned with the 200 SMA (simple moving average), capped the EUR/USD upside on Friday. Our last update noted that this was ”an area which could prove troublesome for EUR/USD bulls” and this turned out to be the case, during late week trading. The 4-hour time frame chart (see figure 1 below) shows how price peaked around the 1.2800 area, during the European session on Friday, prior to breaking under the ascending trend line consolidation area. This comes in the context of ... (full story)