{video}EURUSD has been in a slightly descending movement after the break below the rising channel in the previous month. Currently, the price is capped by the short-term simple moving averages (SMAs) and the red Tenkan-sen and the blue Kijun-sen lines. The RSI indicator fell below the neutral threshold of 50, while the MACD is flattening around the zero line, failing to signal a clear direction on price. If the price continues to move lower, immediate support is coming from the 1.1687 level, which is the 23.6% Fibonacci retracement level of the up leg from 1.0635 to 1.2009, before flirting with the 1.1611 barrier, ... (full story)