Forex Daily News

10th February 2019

9th February 2019

8th February 2019

EUR/USD Technical Analysis: Worst weekly decline since September 2018

EUR/USD daily chart

EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA). 
EUR/USD suffered the worst weekly decline since September 2018.

EUR/USD 4-hour chart

EUR/USD is trading below its main SMAs suggesting bearish momentum in the medium-term.

EUR/USD 30-minute chart

EUR/USD is evolving below the 100 and 200 SMA suggesting bearish momentum. 
A breakdown below 1.1320 can lead to a drop to…