{video}EURUSD has been losing ground since the beginning of the year, creating a clear structure of lower highs and lower lows. Although the pair managed to cross above both its descending channel and the 50-day simple moving average (SMA), it quickly retraced lower slightly below parity. The momentum indicators currently suggest that bullish forces are subsiding but still hold the upper hand. Specifically, the RSI is pointing downwards above its 50-neutral mark, while the MACD histogram is softening above both zero and its red signal line. Should buying pressures intensify, initial resistance could be encountered at ... (full story)