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EURUSD gains stumble at 1.19 region

From xm.com

EURUSD has faltered in the vicinity of the 1.1900 handle with a minor pullback pausing positive price action, which commenced from the 9½-month low of 1.1664. The 100- and 200-day simple moving averages (SMAs) are endorsing a more neutral price tone, while the eased negative bearing of the 50-day SMA is proposing buyers are a step ahead. The Ichimoku lines are indicating a pause in positive momentum, while the short-term oscillators are signalling buyers are fighting to maintain an advantage. The MACD is north of its red trigger line and is floating above the zero mark, while the RSI is losing its positive potency. ... (full story)

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  • Category: Technical Analysis