EUR/USD Technical Analysis: Spot appears consolidative around the 100-day SMA

Published: 14/01/2019
EUR/USD Technical Analysis: Spot appears consolidative around the 100-day SMA
Source: WWW.FXSTREET.COM

The pair is alternating gains with losses at the beginning of the week, which continues to navigate around the 1.1470/80 band, where aligns the 100-day SMA. The recent up move has been capped by the proximity of 1.1580, where sits the 61.8% Fibo of the September-November drop. That said, spot should surpass this area on a convincing fashion in order to open the door for a test of 1.1600 and above.

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