The EUR/USD pair picked up some momentum ahead of the daily close but remains below the 1.0800 threshold. From a technical point of view, the daily chart shows that EUR/USD remains below its moving averages, with a bearish 20 Simple Moving Average (SMA) about to cross below the 100 SMA, both converging in the 1.0790 price zone. At the same time, technical indicators stand pat within negative levels, suggesting buyers are out of the picture.
EUR/USD flattens in holiday Monday markets, investors look ahead to late-week European PMIs
Confirm signal Sell
EUR/USD flattens in holiday Monday markets, investors look ahead to late-week European PMIs
Confirm signal Sell