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Technical Analysis: EUR/USD

The pair continues slow recovering after it reached the 1.3500 level. However, the risks are still on the downside, and from current levels we look for...

The pair continues slow recovering after it reached the 1.3500 level. However, the risks are still on the downside, and from current levels we look for a new decline ahead of 1.3000, with a break and consolidation below 1.3500 to accelerate the downtrend. The key resistance is eyed by the 200-Day SMA, with a daily close above to confirm a shift in a structure.

Edward Smith, technical analyst of company Admiral Markets.

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