{video} EURUSD was harshly pressured after touching its 50-day exponential moving average (EMA), erasing almost all the gains it made last week ahead of the ECB policy announcement. The price went below its 20-day EMA, and the RSI dropped below 50, causing concerns of potential market dominance by sellers in the short-term. On a positive note, there is a short-term bullish channel in the chart that is currently protecting against downward pressure around 1.0540. The upper band of the former bearish channel could also cease selling pressure nearby at 1.0508. If the bears breach that base, the price could tumble ... (full story)