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EURUSD bulls don’t want to give up
EURUSD continues to face restrictions near the 1.0940 level and the resistance trendline from July 2023, which squeezed the price below a seven-month low of 1.1007 last week. The RSI has yet to reach overbought levels, remaining elevated within the bullish area. Similarly, the MACD is staying comfortably above its red signal line, implying that the bulls might continue to defend the bounce off the 20-day SMA. A decisive close above the 1.0940-1.0970 area could provide direct access to the 1.1000 psychological mark, while an extension above the 1.1045 barrier could open the door for the 1.1100 round level. The 1.1150 ... (full story)