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EURUSD stretches bullish run near 2-month high
video EURUSD has been in a steep rally over the last four days, creating a new two-month peak around the 1.1145 resistance level. The price rebounded on the bullish crossover within the 20- and 40-day simple moving averages (SMAs), exiting from the short-term consolidation area and surpassing the flat 200-day SMA. Looking at the technical indicators, the MACD oscillator is climbing above the trigger and zero lines with strong momentum, while the RSI is heading towards the overbought levels, suggesting a possible pullback on price in the near term. Any advances above the 1.1145 barrier could open the door for more ... (full story)