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EURUSD fails to jump above 1.1500 and downtrend line; neutral in short term
EURUSD has declined after touching the 1.1470 resistance level once again, which overlaps with the falling trend line in the daily timeframe. In the short-term, the pair seems to be in neutral mode over the last one-and-a-half months. Momentum indicators in the short-term though are currently supporting that neutral momentum. Specifically, the RSI indicator is pointing downwards above 50, while the MACD oscillator continues to stand slightly above the trigger and zero lines, weakening its movement, signaling slightly bullish mode. Should the pair experience negative pressure, it could challenge the 20- and 40-day ... (full story)
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