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EURUSD extends retreat below key trendline
video EURUSD has been stuck in a clear downtrend after peaking at the 13-month high of 1.1094 in late April. In addition, the pair has sliced through crucial technical levels such as the 50-day simple moving average (SMA) and the ascending trendline that connected its higher lows since September 2022. The short-term oscillators are endorsing this bearish near-term bias. Specifically, the MACD is retreating further below both zero and the red signal line, while the RSI has flatlined below its 50-neutral mark. Should the decline resume, the recent low of 1.0759 could act as the first line of defense. Sliding beneath ... (full story)