-
EURUSD posts a pullback after challenging a fresh 3-year high of 1.2554
EURUSD has been underperforming in the past three days after it reached a new more than three-year high of 1.2554 during the prior week. The price created a pullback and is now trading slightly lower near the 20-simple moving average in the daily timeframe. The short-term technical indicators are bearish and point to more weakness in the market. From the technical point of view, the MACD oscillator is moving lower in the positive territory below its trigger line, signaling further downside potential move. Also, the ROC indicator is sloping slightly to the upside in the negative zone, however, an indication for an ... (full story)