-
EURUSD fails to surpass 1.0900
EURUSD appears to be maintaining a horizontal trajectory in the very short-term, trapped between the 1.0895 resistance level and the 1.0814 support. A paused state of directional momentum is reflected in the technical oscillators. The stochastic posted a bearish crossover within its %K and %D lines in the overbought territory, while the RSI is failing to jump above the 70 level. To the upside, emanating pressure over the last couple of months has denied upside moves. If buyers manage to jump above the 1.0895 barrier, a revisit of the 1.0940 mark could unfold. Overcoming these constrictions could see resistance ... (full story)