EUR/USD Price Analysis: 50-SMA Prods Bulls as Bounce Off Short-Term Key Support Fades
The EUR/USD currency pair is one of the most actively traded currency pairs in the world. As such, it is important for traders to stay up to date with the latest price action and technical analysis. In this article, we will take a look at the recent price action of the EUR/USD and analyze the 50-period simple moving average (SMA) as it relates to the short-term key support level. The EUR/USD has been trading in a range between 1.1850 and 1.2050 since late May. The pair was able to break