The 200 SMA (simple moving average) indicator is an effective mechanism for gaining insight into the direction that the EURO:USD is likely to travel, over the coming months.
EURO:USD last crossed the 200 SMA back in late 2011 and this precipitated a dramatic fall in EURO:USD. If you had, over the last 10 years, bought Euro when it was above the 200 SMA and sold when it was below the 200 SMA you would have almost always made money. OK, you may not be interested in trading currencies, however, if you are an expat moving Euros to USD or vice versa, having an idea about the likely direction of the currency pair may well be useful.
