EURUSD pulled back on Tuesday, after hitting resistance slightly above the 1.0875 barrier, marked by the high of April 4. In the bigger picture, most of the price action has been contained between 1.0725 and 1.0930 since January 16, suggesting a neutral near-term outlook. The lack of directional momentum is also confirmed by our short-term oscillators. The MACD, although positive, is lying below its trigger line and is pointing south. The RSI is running above 50, but it is slowly getting closer to that equilibrium barrier. Another attempt and a successful break above 1.0875 could pave the way towards the upper end of ... (full story)