Technical Analysis – EURUSD could test 1.0950 as it starts to look bearish
Posted on October 11, 2016 at 7:55 am GMTEURUSD has been very range-bound throughout 2016 and despite being the no.1 traded pair of foreign exchange, it has provided little excitement for active traders. Euro / dollar has been consolidating since March of 2015, following a severe drop when a low of 1.0460 was reached. The latest technical indications for this popular pair are negative. Specifically, price has crossed below both the 50- and the 200-day moving averages during the past few days – despite the fact that the [..]