EURUSD Pulls Back But 50-day SMA Curbs Decline

<p>EURUSD has experienced a downside correction after its latest advance got rejected at the 1.1011 territory on June 22.  Even though the pair temporarily bounced off the congested region that includes its 50-day simple moving average (SMA) and the upper boundary of the Ichimoku cloud, the bears continue to apply downside pressure. The momentum indicators currently […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/508265-eurusd-pulls-back-but-50-day-sma-curbs-decline/">EURUSD Pulls Back But 50-day SMA Curbs Decline</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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