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EURUSD extends consolidation slightly above parity
video EURUSD has been trading within a tight range after it managed to rebound from the 20-year low of 0.9951. In addition, the price is currently standing below both its descending 50- and 200-day simple moving average (SMAs), endorsing a broader bearish technical picture. The momentum indicators suggest a cautiously positive near-term tone. Specifically, the stochastic oscillator is sloping upwards after posting a bullish cross, while the MACD histogram has jumped above its red signal line but remains in the negative territory. Should buying interest intensify, the price could challenge 1.0280, which is the upper ... (full story)