EUR/USD Bounces Off 1.2000

<p>On Monday, as forecast, the EUR/USD tested the resistance of the 1.2000 mark. This level held and caused a drop of the EUR/USD. The decline of the rate was slowed down by the 55-hour SMA, which was also passed. Eventually, the rate reversed at the technical support of the 100-hour simple moving average. In the [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/344553-eur-usd-bounces-off-1-2000/">EUR/USD Bounces Off 1.2000</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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