EURUSD, H4 EU on the 4H chart bumping up against the 200 SMA | A1 Trading Forex Analysis
EURUSD, H4EU on the 4H chart bumping up against the 200 SMA with support on the rising trend line. Two lines of key resistance sit above price after the candles were rejected on their third retest. Core retail sales will be reported tomorrow which will most likely be a cause of volatility for this pair. If good USD news were to be reported tomorrow, we can expect this pair to likely turn to the downside even further.
- Frank
