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EURUSD’s climb hits a snag; 100-day SMA caps advances
EURUSD is finding difficulty in breaking above the Ichimoku cloud’s ceiling that is joined by the 100-period simple moving average (SMA) around 1.1769. Recently restored positive sentiment from the 1.1611 level appears to be aided by the rising 20-period SMA and the positive tone of the Ichimoku lines. However, the short-term oscillators reflect mixed signals in direction. The MACD, in the positive area, is slightly above its red trigger line while the stochastic oscillator holds a positive bearing. Meanwhile, the RSI has adopted a directionless demeanour in the positive region. Noteworthy is the fact that the 100- ... (full story)