Depressed EUR/USD falls below key SMA

EUR/USD has just crossed below its 200-hour SMA. The last such price-indicator cross has been registered at least over a week ago on this time frame, accentuating its significance.

Traders maintaining a downside bias, extend their projections to the 800-SMA, which corresponds to the 200-SMA on 4hr charts.

Dec 15, 2015

USD/CAD remains bullish near term – Scotiabank

Eric Theoret, Currency Strategist at Scotiabank, reiterated the bullish stance for the pair in the short term...

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Dec 15, 2015

USD/JPY clearing offers out at 121.50, tgt R3

USD/JPY is currently trading at 121.71 with a high of 121.77 and a low of 120.56. USD/JPY is going against the downside from 123.00 and is up to challenge through the midpoint of the 121 handle and testing bears commitments here. The recovery started from 120.33 and has crossed up through the 20 DMA at 121.19 today reaching the aforementioned highs.

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