{video}EURUSD has hardly gained ground above the 15-month low of 1.1523, although the recent weak bullish effort could see further extension above the 1.1665 strong resistance level. The RSI indicator is trying to improve above the neutral threshold of 50 and the MACD oscillator is moving above its trigger and zero lines. If the favorable scenario comes to fruition, the 1.1665 barrier may be the first to attract interest. This is also close to the 40-day simple moving average (SMA), which is at 1.1690, and the 23.6% Fibonacci retracement level of the down leg from 1.2348 to 1.1523 at 1.1715. A break of this level ... (full story)