EUR/USD renews intraday low around 1.1045 as bulls take a breather during Thursday’s Asian session. The major currency pair rallied the most since June 2016 the previous day before easing from 1.1095. The pullback moves gain support from the RSI’s retreat from the overbought zone. However, a convergence of the 50-SMA and the resistance-turned-support from February 23, near 1.1030-25, joined the bullish MACD to challenge the EUR/USD bears. Even if the quote drops below 1.1030, the weekly support line near 1.0940 will challenge the quote’s further downside before directing the quote towards the latest multi-month low ... (full story)