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RamziAbouAbdallah-CMT

EUR/USD deeper retracement ahead

Singkat
Euro / Dolar A.S. (FX:EURUSD)  
RamziAbouAbdallah-CMT  
FX:EURUSD   Euro / Dolar A.S.
Trend Analysis Technical Indicators Moving Averages EURUSD euro eurodollar europe eurousd dollar USD FOMC
5
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trendanalysis indicator movingaverage eurusd euro eurodollar europe eurousd dollar usd fomc
Hello everyone,
As you look on the chart above, a negative picture for the pair is being favorable for the following reasons:
1- Broke below the uptrend line that has been intact since May.
2- Broke below the 20 SMA.
3- Hit the 50 SMA for the first time since May.
Initial target is at 1.1690 and even deeper at 1.1495 March high.
Good luck
Ramzi Abou Abdallah, CFTe, CMT

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