The EUR/USD currency pair on Tuesday pulled back off the trendline resistance at 1.0690 to trade at about 1.0650. The currency pair appears to be trading within a descending channel formation in the 60-min chart. The currency pair has now dropped to trade below the 100-hour moving average line. As a result, the pair seems to be trading closer to the oversold levels of the 14-hour RSI. From a fundamental perspective, the EUR/USD currency pair is trading at the back of a relatively busy period in both markets. Germany’s preliminary S&P Global/BME composite PMI for February outperformed the expectation of 50.4 with ... (full story)