eFXdata | EUR/USD - Close Below 200-DMA May Encourage Traders To Sell

By Jeremy Boulton — Apr 24 - 02:27 AM

• EUR/USD falls under 200-DMA at 1.1676 to 1.1674 but hasn't closed below it

• Close below may encourage traders - currently betting on a rise - to sell

• Target for a minor correction of March April rise is 1.1681

• The influential 21-DMA is 1.1662

• Targets for a deeper drop 1.1629, 1.1577 and 1.1503

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EURUSD

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:

London Stock Exchange Group | Thomson Reuters

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