{video}EURUSD has been developing within a narrow range of the 20- and the 50-day simple moving averages (SMAs) of 1.0805 to 1.0860 respectively. The pair is still standing above the short-term downtrend line and the 200-day SMA, confirming the broader bullish outlook. Technically, the RSI indicator is pointing slightly up above the neutral threshold of 50; however, the MACD oscillator is weakening its momentum above its trigger and zero lines. If prices overcome the 50-day SMA and the immediate resistance of 1.0890 then it may open the way towards the 1.0930 resistance ahead of the 1.1000 round number, taken from ... (full story)