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EURUSD consolidates around 1.1900; indicators are flat
video EURUSD has been trading within a consolidation area of 1.1611-1.1960 over the last four months, remaining above the Ichimoku cloud and the short-term simple moving averages (SMAs) the last five days. According to the technical indicators, the RSI is moving sideways in the positive area and the MACD is standing above its trigger and zero lines with weak momentum. Immediate resistance could come from the 1.1915 barrier, tested several times in the past. Driving the market higher, the 1.1960 hurdle could attract traders’ attention before hitting the 29-month high of 1.2009 and penetrating the trading range to ... (full story)