EURUSD remains under pressure and risk is still to the downside as prices continue to drift lower from the 3-year high of 1.2540. In the weekly timeframe, the world’s most traded currency snapped the seven winning sessions and posted a red candle. The short-term technical indicators seem to be in confusion as the price has been moving higher since today’s Asian session. Looking at the daily timeframe, the Relative Strength Index (RSI) is sloping slightly to the upside near the 50 level, whilst the MACD oscillator is falling in the positive territory below its trigger line. As a side note, the price is being capped by ... (full story)