Attached Image (click to enlarge)
-
EURUSD undecided near converging SMAs
EURUSD experienced an aggressive decline before finding its feet at 1.0722, a region that also held strong in February. Despite its attempt to rebound, the pair has met strong resistance at the congested region that includes both the 50- and 200-day simple moving averages (SMAs) as well as the lower boundary of the Ichimoku cloud. Should the recovery falter, the pair might test the February-March support of 1.0795. Sliding beneath that floor, the price may descend towards the recent bottom of 1.0722, which also provided support in December and February. Even lower, the 2024 low of 1.0693 could provide downside ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Apr 8, 2024 7:14am Apr 8, 2024 7:14am
- Jade Gate
- Joined Oct 2008 | Status: Member | 151 Comments
- Comment #2
- Quote
- Apr 8, 2024 7:31am Apr 8, 2024 7:31am
- Logix3
- | Joined Oct 2023 | Status: Member | 50 Comments
- Comment #3
- Quote
- Apr 8, 2024 7:35am Apr 8, 2024 7:35am
- Logix3
- | Joined Oct 2023 | Status: Member | 50 Comments
- Comment #4
- Quote
- Apr 8, 2024 7:36am Apr 8, 2024 7:36am
- Imtiyaz
- | Joined Jun 2023 | Status: Member | 60 Comments