EURUSD appears to be fading somewhat from its recently logged 31-month high of 1.2177. That said the rising simple moving averages (SMAs) are defending the dictating bullish structure, keeping additional advances on the table. The short-term oscillators reveal the pause in bullish momentum. The MACD, deep in the positive region, is marginally easing above its red trigger line, while the RSI, although dipping under the 70 mark, is persisting above the supportive trend line. Yet, the stochastic oscillator’s %K line is confirming a bearish charge, which could see a pullback towards the 1.2000 handle occur, before ... (full story)