EUR/USD - closing below 200-DMA would expose Brexit low
Euro's retreat from Thursday's high of 1.1165 if followed by a day end closing below 200-DMA level today would suggest the bullish break above 200-DMA on thursday was fake and open doors for a drop to Brexit low of 1.0911.
On the way lower a smaller rising trend line could offer support around 1.1040-1.1060, but reckon it could be taken out following a failure to sustain above 200-DMA.
Only a day end closing above 200-DM would keep hopes of a bullish break above 1.12 handle alive.
On the way lower a smaller rising trend line could offer support around 1.1040-1.1060, but reckon it could be taken out following a failure to sustain above 200-DMA.
Only a day end closing above 200-DM would keep hopes of a bullish break above 1.12 handle alive.
