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henrythomas

EURUSD Just closed above the 200 SMA on 1 Hour Chart

Euro / U.S. Dollar (FX:EURUSD)  
henrythomas  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns EURUSD 200 sma 1hour
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trendanalysis chartpattern eurusd 200 sma 1hour
EURUSD Just closed above the 200 SMA on 1 hour chart following a breakout this morning.

However to continue upside momentum the price would have to close above the 50% Fibonacci level at 1.08934 directly above the 200 SMA so could encounter further resistance here.

If the uptrend is broken price could move back and test the lows of 1.0800.
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