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The euro rallied slightly during the early hours on Monday as it looks like we are threatening the 200 day EMA. That being said, I do think that you have to pay close attention to this area because it is a potential resistance barrier that might be difficult to overcome. This is an area that I think could come into the picture as a major decision just ...
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EURUSD spiked late last week above the 55 and 200 daily Moving Averages and close to the 0.786 retracement at 1.0824 before retracing back below the 0.618 retracement at 1.0776. In three tries, EURUSD has failed to close above the 0.618 retracement and RSI failed to close back above 60 thresholds. All Moving Averages are declining, putting a drag on EURUSD. ...
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