EUR/USD Price Analysis: 55-Day Simple Moving Average Capping Uptrend
The EUR/USD currency pair is one of the most actively traded pairs in the foreign exchange market. Its movements are closely watched by traders and investors alike, as it can provide insight into the relative strength of the euro and the US dollar. In recent weeks, the EUR/USD has been in an uptrend, but it appears to be capped by the 55-day simple moving average (SMA). In this article, we will take a look at what this means for traders and investors. The 55-day SMA is a technical indicator that