EURUSD is tackling the 1.1302 resistance, suggesting that positive sentiment may be picking up in a sideways market that has held since the pullback from the 1.1421 peak. In spite of this pause, the positive picture has managed to remain intact, something also reflected in the Ichimoku lines and the bullish bearing of the 50- and 100-day simple moving averages (SMAs). Additionally, the short-term oscillators sponsor a neutral-to-bullish picture. The MACD, in the positive area, is ready to reclaim its red signal line, while the RSI is pointing slightly upwards above its 50 mark. The increasing stochastics also promote ... (full story)