Derived Data That Drive Results
By Jeremy Boulton — Oct 16 - 05:35 AM
On Wednesday EUR/USD sank to 1.0875 just above the 200-DMA at 1.0874
It often pays to counter trade initial tests of a 200-DMA - any asset
EUR/USD has bounced slightly reaching 1.0896
The 200-DMA is subject to law of diminishing returns
Further tests of a 200-DMA are more likely to result in a break
The 200-DMA could be the foundation of a rise to follow ECB nL1N3LS0BS
EURUSD Click here
Source:
Refinitiv IFR Research/Market Commentary
