{video}EURUSD is indecisive around February’s peak of 1.2242 and a long-term restrictive line, a break of which is expected to open the way towards the top of a broader uptrend which started in March 2020. The RSI and the Stochastics could not resume upward direction during the previous couple of days, while the price itself has been trading around the upper Bollinger band, increasing the odds for a downside correction in the near term. That said, an ascending trendline has been protecting the market against sharp downside movements in the short-term picture with the help of the 20-day simple moving average (SMA) at ... (full story)