EUR/USD rolling over?
The attempt by EUR/USD to break above the 50-day simple moving average (SMA) of $1.1848 has failed twice over the past two weeks. It now looks as if we have a real shift in momentum, with the price likely to head towards the key $1.1662 level.
A close above $1.19 would be needed to suggest that the pair is headed higher. Below $1.1662 the price could move to $1.1489.