EURUSD is challenging the long-term descending trend line, creating positive movement in the narrow range. The price has been developing within a consolidation area over the last three months with the 1.1480 resistance level as the upper boundary and the 1.1265 support barrier as the lower boundary. If the price jumps above the diagonal line, it would change the outlook to a more neutral one. Momentum indicators in the short-term though are currently supporting that neutral momentum. Specifically, the RSI indicator is pointing somewhat upwards near 50, while the MACD oscillator continues to stand marginally above the ... (full story)