EURUSD stands on moving sand around 1.1100 area

From xm.com

video EURUSD opened with a negative gap near January’s low of 1.1120 on Monday as the world is eagerly awaiting the crucial Russian – Ukrainian meeting. Despite last week’s volatile session, the 1.1100 territory continues to feed buying appetite, with the price currently pushing to recoup today’s lost ground. The fast Stochastics seem to have created a sort of a double bottom formation around their 20 oversold level, endorsing the recovery mood in the market, though the indicator has yet to print fresh higher highs, whereas the RSI and the MACD are still moving southwards. Hence, overall, the short-term ... (full story)