-
Forex Technical Major Pairs Analysis
The U.S. dollar index experienced a decline after worse-than-expected U.S. manufacturing data. This bearish movement has the opportunity to continue toward the daily SMA 200 point. If the index manages to close below the daily SMA 200 and forms a lower swing low point then a bearish trend can begin. Meanwhile, if the index reverses upwards again and manages to form a higher swing high point then the bullish trend will continue. chart EUR/USD jumped up and closed near the daily SMA 200. Even though it was bullish, the pair was still stuck near the daily SMA 200 and also the 1.0800 point. If the pair manages to close ... (full story)