EURUSD switched to recovery mode after the free-fall towards a more-than-two-year low of 1.1026 last week. But the bearish forces have not faded yet as the RSI continues to move below 50 and the MACD under its red signal line despite showing some improvement. A closing price above 1.1180 and the 20-day simple moving average (SMA) (middle Bollinger band) could bring additional buying interest, with resistance running next up to the 1.1216-1.1232 area where the 50-day SMA is currently laying. Slightly higher, the 1.1283 number and the 200-day SMA could also keep the bulls busy before a stronger wall appears near ... (full story)