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EURUSD Pulls Back But 50-day SMA Curbs Decline

EURUSD Pulls Back But 50-day SMA Curbs Decline
EURUSD has experienced a downside correction after its latest advance got rejected at the 1.1011 territory on June 22. Even though the pair temporarily bounced off the congested region that includes its 50-day simple moving average (SMA) and the upper boundary of the Ichimoku cloud, the bears continue to apply downside pressure. The momentum indicators currently […] The post EURUSD Pulls Back But 50-day SMA Curbs Decline appeared first on Action Forex... Read More
Posted: Jul 3 2023, 08:55
Author Name: actionforex
Views: 101971

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