EURUSD is under pressure again after finding support around 1.1196, which is the 23.6% Fibo retracement of the up leg from 1.1026 to 1.1249 and the 1.1180 level from June 18. After failed attempts to move above the downtrend line, the pair has traded between the 100- and 200-period simple moving averages (SMAs) for the past week. The bears have gained some strength and are pushing for lower, testing the 100-SMA. The MACD and the RSI’s picture suggest a restart in the negative directional momentum, as the MACD remains below its trigger line and is approaching the zero line from above, whereas the RSI has declined ... (full story)