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EURUSD consolidates as momentum evaporates
EURUSD appears to be restricted by the 100-period simple moving average (SMA) after finding some support from the mid-Bollinger band around the 1.0838 level, that being the 23.6% Fibonacci retracement of the down leg from the 13-month high of 1.1496 to the multi-year low of 1.0635. The undecided pair is currently confined within a near-term range between 1.0925 and 1.0768. This is also reflected in the flat 200-period SMA and the short-term oscillators, which display a neutral picture of vanished directional momentum. The MACD and the RSI are residing around their neutral marks, while the stochastic lines show ... (full story)