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Euro / U.S. Dollar
Long

EURUSD → Initial support emerges at 1.0820

123
EURUSD retreats for the fourth session in a row and puts the key 200-day SMA to the test on Monday.

A drop below the latter should pave the way for a deeper pullback to, initially, the intermediate 100-day SMA at 1.0778 and the 55-day SMA at 1.0681.

So far, while above the significant 200-day SMA, the pair’s outlook should remain constructive.
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Chart PatternsEURUSDeurusdanalysiseurusdlongeurusdsignaleurusdtradeTrend Analysis
tradingconmike
🟢Free Signals:
t.me/forextradingfusion

🔴Contact:
t.me/tradingconmike1
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.