EURUSD opened with a gap lower on Monday to chart a new 20-year low at 0.9877. The constraining descending line, which connects all the lows from August 2018, continued to buffer downside pressures ahead of Thursday’s ECB policy announcement, but despite that floor, the technical picture cannot detect any buying appetite. The RSI has erased its latest bounce and is heading south again. Likewise, the Stochastics have also pivoted to the wrong side, while the MACD is trying to resume its bearish wave below its red signal and zero lines. As regards the market trend, there is no improvement here either, with the pair ... (full story)