Two Trades To Watch: EUR/USD, WTI

The ascending 20 sma at $57.67 offers immediate support and is the level to watch. The 20 SMA support has been unbroken across February. A breach here could negate the current near term uptrend and bring 55.65 the 100 sma into target.

On the upside, $58.50 is offering strong resistance ahead of 59.00 round number and $60 the key psychological level is the target for the bulls.

1 2
View single page >> |
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.