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EURUSD upside stalls at 1.1178; short-term bias neutral-to-bearish
EURUSD could not reactivate it’s two-month old upside direction that stuck around the 1.1178 area as the 200-day simple moving average (SMA) proved hard to overcome last week. Even though the price spiked above the line, registering a fresh high at 1.1198, the bears retook control, driving the market back into the 1.100 territory. Currently, the pair is pushing efforts to rebound near the 1.1072 key barrier and its 20- and 50-day SMAs but the RSI and the MACD have yet to show a clear upside reversal, with the former holding around its 50 neutral mark and the MACD hovering marginally below its signal line. Traders ... (full story)