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EURUSD buyers’ efforts may be in vain, bias negative
EURUSD buyers have re-emerged again around the previous low of October 12 at 1.1523 and are trying to recoup lost ground. Despite these positive efforts, the pair is maintaining a strong bearish demeanour, something also being reflected in the falling simple moving averages (SMAs). The Ichimoku lines are demonstrating the price’s recent unclear direction but are indicating that positive impetus is somewhat lacking. The short-term oscillators are conveying the recent pick up in positive momentum, but this remains shaky. The MACD, in the negative region, is a tad beneath its red trigger line, while the RSI is ... (full story)