{video}EURUSD had been in a steady uptrend after finding its feet at the March low of 1.0515. Even though the pair posted a fresh 13-month peak of 1.1094 in late April, it has been rangebound since then, appearing unable to generate a fresh higher high and resume its uptrend. The short-term oscillators are endorsing a cautiously bullish bias. Specifically, the MACD is softening but remains above both zero, while the RSI has flatlined above its 50-neutral mark. If buyers re-gain total control and push the price higher, the 13-month high of 1.1094 could act as initial resistance. Surpassing that zone, the pair might ... (full story)