Online Trading in UK, EURUSD Daily chart – Price breaks 200sma level…

Online Trading UK

Morning Guys,

Looking at EURUSD on Daily chart of online trading in UK, I’ve noticed that the Daily candle on Thursday punched through the 200sma level. On the Asian session we noticed a pullback to the underside of this 200sma at 1.3146. With it being Non Farm Friday (1st Friday of new month) the figures forecasted are for a positive outcome. If this was the case then we’d expect the EUR to continue to fall. This would back up what we are potentially seeing unfold on the EURUSD chart. If this does play out in this order we could expect EURUSD to fall towards the monthly fib level (blue horizontal line) which stands at 1.3028.

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Have a look at the chart posted below for more info……

Online Trading in UK Chart of EURUSD on Daily timeframe - showing the break lower of 200sma level.

Chart of EURUSD on Daily timeframe – showing the break lower of 200sma level.

Online Trading in UK

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