{video}EURUSD tumbled below the crucial 1.0845 restricted zone, generating concerns that the decline from the 200-day simple moving average (SMA) may continue. Also, the market declined slightly below the 1.0800 round number during Monday’s session, meeting the lower boundary of the bearish triangle but it returned quickly above the 1.0815 barrier. Prior to resuming their efforts, the bulls might attempt to close above the 200-day SMA at 1.0845. They could then contend for a channel breakout above 1.0870 ahead of the bearish crossover between the 20- and the 50-day SMAs at 1.0915. Beyond that region, the ... (full story)