EURUSD Still Above 7-Day Ema

The EURUSD dropped slightly today, but is still above 7-day exponential moving average (1.1318), which make us keep our bullish short-term outlook. However, we need a daily close above 1.1418 (61.8% retrace of the 1.1616 to 1.097 drop) to unlock further gains.

Sign up to forex newsletter growthaces.com and start profiting from our trading signals.