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EURUSD bearish course endures as upside forces fade
video EURUSD’s recent positive impetus off a 14-month low of 1.1523 is faltering in the vicinity of the 1.1600 handle. The diving simple moving averages (SMAs) are defending the short-term bearish trend in the pair. The Ichimoku lines are indicating that negative momentum is picking up again. Furthermore, the pair is struggling to make strong headways past the 1.1600 barrier, something also being reflected in the short-term oscillators. The MACD, some distance below zero, has pushed over its red trigger line, while the RSI is struggling to improve in bearish territory. The stochastic %K line has dipped ahead of ... (full story)