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Is EURUSD ready to climb back above the uptrend line?

From xm.com

{video} EURUSD finds strong support at the 200-day simple moving average (SMA), which overlaps with the 1.0845 barrier. The pair is currently holding beneath the medium-term ascending trend line but the fact that it is still above the aforementioned support is raising optimism for a potential upside move. However, the technical oscillators are showing mixed signals in the market. The RSI is ticking slightly higher in the negative region, while the MACD is extending its bearish momentum beneath its trigger and zero lines. In the event the pair re-activates its uptrend, the next target will be the 50- and then the ... (full story)

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  • Category: Technical Analysis