EUR/USD claws back some losses
After Friday’s losses, EUR/USD’s small recovery has taken place, but it is far from clear that the buyers are regaining the upper hand.
The failure to push on above the 50-day simple moving average (SMA) last week would suggest the sellers are in control, but at present the view is more neutral. A recovery above $1.17 would put the price back on a more short-term upward footing, while a drop back below $1.1534 would suggest a fresh move to the downside is underway.
Read More: EUR/USD edges up, while GBP/USD drops back and USD/JPY drifts sideways |