My comments are not to be taken as trading advice, not a financial advisor
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EURUSD surges near 1.1900 in consolidation area
video EURUSD is rallying above the previous high of 1.1880, creating four straight bullish days after the bounce off the 1.1611 support level. The price also jumped above the 20- and 40-period simple moving averages (SMAs) and the Ichimoku cloud, signaling some more buying interest. Technically, the RSI is confirming the positive outlook as it approaches the overbought territory, while the stochastic is holding above the 80 level suggesting a retracement in the short-term. If the market picks up more speed, the 1.1915 barrier could offer nearby resistance ahead of the 1.1960 level. A significant close above the ... (full story)