Technical Analysis – EURUSD cautiously bullish; capped by 200-day SMA
EURUSD sellers are in the process of halting buyers’ efforts to push above 1.1179 – which is the fresh swing high of October 21, following a three-week ascent – to retest the 200-day SMA. The short-term has shifted into what looks like a neutral market, something also backed by the flat Tenkan-sen and Kijun-sen lines. […]
Technical Analysis – EURUSD cautiously bullish; capped by 200-day SMA
EURUSD sellers are in the process of halting buyers’ efforts to push above 1.1179 – which is the fresh swing high of October 21, following a three-week ascent – to retest the 200-day SMA. The short-term has shifted into what looks like a neutral market, something also backed by the flat Tenkan-sen and Kijun-sen lines. […]
