EUR/USD outlook – could rise to 50-DMA

Euro Fx/U.S. DollarFXCM

Description

⋅ Jan 5, 2017 2:11 PM

Despite pair’s retreat from the intraday high of 1.0575 the short-term bullish view remains intact given the bullish RSI and MACD divergence seen on the daily chart.

The spot appears on track to test the 50-DMA seen now at 1.0658.