the daily chartist

EUR/USD making a slight recovery

published 2 years ago

 EUR/USD making the bounce back as 1.17166 remained strong. Price moving slowly to the 15M 200 EMA. Shorts are being covered and it seems the pais taking a little break. Italy uncertainty still casting a shadow on the overall recovery of the Euro. Move and a close above the 200 EMA on 15M chart may signal a change in the direction for a slight correction in the short - term, but still we need to see the outcome of Italy's crsis and how the day will close for the Euro. This will be recaped in the Daily reacap for the Euro currency.