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EUR/USD: holding gains above 1.3040
Dollar aims to advance across the board, on news US deficit shrunk more than expected, although remains above 40B. There’s a quite mixed picture among majors, with only European ones holding recent gains against the greenback: the EUR/USD has been trading for most of this day in between 1.3040 and 1.3110, yesterday’s high, losing some ground after the news, yet still far from signaling a downward continuation. The hourly chart shows price an increasing bearish tone, as price tries to break below its 20 SMA, while indicators turned lower and near their midlines. In the 4 hours chart however, the technical tone ... (full story)
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