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Apr 09 - 04:55 AM
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EUR/USD - Overbought Situation Easing, Close In Relation 200-DMA Is Key
By Jeremy Boulton — Apr 09 - 02:38 AM
• EUR/USD was overbought - above peak Bollinger bands - on Wednesday
• Pair has slipped back under the 1.1658 peak of the bands on Thursday
• EUR/USD sank below the influential 200-DMA at 1.1673 on March 3
• A close back above the 200-DMA may reassert the underlying uptrend
• Gold is a great example of why it pays to respect a 200-DMA
•
EURUSD
(Jeremy Boulton is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters