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EURUSD extends short-term bearish tendency to 50-SMA
video EURUSD could not close above the 20-day simple moving average (SMA) and the 1.2185 level despite last week’s attempt, with the price collapsing to meet support near the 50-day SMA at 1.2091 in the aftermath. Trend signals remain encouraging as the positive SMA crosses are still intact. Yet, as regards the price momentum, the technical indicators are raising a warning flag. The RSI has inched below its 50 neutral level, the MACD continues to decelerate below its red signal line, and the Ichimoku lines (Tenkan-sen & Kijun-sen) are set to mark a bearish intersection again since the last one three months ago. ... (full story)