EUR/USD tests the 21-day SMA around 1.2210 on Friday. Extra losses could extend to the 1.2130 region. EUR/USD extends further the downside momentum, testing and rebounding from the 21-day SMA near 1.2210 on Friday. Against this, the corrective downside in EUR/USD could have further legs to go and a move lower to the weekly low at 1.2129 (December 21) should not be ruled out in the short-term horizon. In the meantime, extra gains in EUR/USD are likely while above the critical 200-day SMA, today at 1.1564. Looking at the monthly chart, the (solid) breakout of the 2008-2020 line is a big bullish event and should underpin the continuation of the current trend. EUR/USD daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY retreats modestly after climbing to multi-week highs above 104.00 FX Street 11 months EUR/USD tests the 21-day SMA around 1.2210 on Friday. Extra losses could extend to the 1.2130 region. EUR/USD extends further the downside momentum, testing and rebounding from the 21-day SMA near 1.2210 on Friday. Against this, the corrective downside in EUR/USD could have further legs to go and a move lower to the weekly low at 1.2129 (December 21) should not be ruled out in the short-term horizon. In the meantime, extra gains in EUR/USD are likely while above the critical 200-day SMA, today at 1.1564. Looking at the monthly chart, the (solid) breakout of the 2008-2020 line is a… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
