{video}EURUSD had been experiencing a solid downside correction from its recent three-month peak of 1.1016, which ceased just shy of the 50-day simple moving average (SMA). In the past few sessions though, the pair has been regaining some ground, with the rebound accelerating on the back of the dovish FOMC meeting. Considering that both the RSI and stochastics are showing signs of strengthening positive momentum, the advance could extend towards the November resistance of 1.0964. Conquering this barricade, the bulls could attack the three-month peak of 1.1016 ahead of the February high of 1.1032. A violation of that ... (full story)