Today the EUR/USD pair closed slightly lower, having that the
greenback found some support with better than expected ADP employment numbers.
Technically speaking, the bulls are not out of the game, as yet the pair is not showing strong bearish signs, considering its closeness to 2017 highs.The four - hours time frame is displaying that the price is currently situated above its 20-day, 100-day and 100-day SMAs, but however all of them are loosing strength.
Technically speaking, the bulls are not out of the game, as yet the pair is not showing strong bearish signs, considering its closeness to 2017 highs.The four - hours time frame is displaying that the price is currently situated above its 20-day, 100-day and 100-day SMAs, but however all of them are loosing strength.
RSI is slightly above its mid-lines is looking now for direction. Stochastic is
also above its mid-lines, but has turned sharply to south.
I think that more clear direction will be set with the outcome of the NFP data with expectations of upside development for the pair.
I think that more clear direction will be set with the outcome of the NFP data with expectations of upside development for the pair.
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