EURUSD Trades Sideways Despite Golden Cross

[PocketOption]

EURUSD Trades Sideways Despite Golden Cross

EURUSD has been edging higher since early October after its long-term downtrend ceased at the 20-year low of 0.9535. In the short term, the pair has been trading sideways, with the completion of a golden cross between the 50 and 200-day simple moving averages (SMAs) failing to spark an upside rally. The momentum indicators currently suggest […]

The post EURUSD Trades Sideways Despite Golden Cross appeared first on Action Forex.

Source: EURUSD Trades Sideways Despite Golden Cross