Sunday, March 5, 2023

EUR/USD: 100-SMA probes buyers amid sluggish start to the key week

  
European Session
HOT STORY

EUR/USD: 100-SMA probes buyers amid sluggish start to the key week
 
EUR/USD rebound pokes the 100-SMA hurdle around 1.0650 heading into Monday's European session. The major currency pair recovered from a two-month low in the last week on broad US Dollar weakness, as well as the hawkish concerns about the European Central Bank (ECB).

Sluggish MACD signals join sustained trading below two-month-long horizontal hurdle, 200-SMA to keep bears hopeful.

MORE STORIES
Gold bulls need to wait for move beyond 38.2% Fibo./50 DMA confluence
Bitcoin price faces 'last stand' as weekly close threatens $22K retest
 

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