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Forex Technical Major Pairs Analysis
The U.S. dollar index appears to be weakening and is now on a weakening path toward the SMA 200. The trend seems to have changed for now but it can be concluded that it is still sideways with the absence of a higher swing high point or a lower swing low point. A bearish trend could begin if this decline closes below the daily SMA 200 and prints a lower swing low. On the other hand, if a bounce occurs then consolidation will continue. chart EUR/USD has risen above 1.0800 so the trend of the pair is bullish. The upward movement may continue towards 1.09000 and 1.1000. For this week, 1.0800 will be an important ... (full story)
