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EURUSD lacking direction as appreciation turns neutral

From xm.com

{video}EURUSD looks to be mostly neutral after an ascent from the 35-month low of 1.0635 returned the price back above the 1.1000 handle, overcoming the simple moving averages (SMAs) and the Ichimoku cloud. The short-term oscillators reflect a stall in the positive momentum. The MACD, in the negative area, has moved above its red trigger line and near to zero, while the RSI hovers above its neutral mark, pointing slightly down. Additionally, backing this view are the stochastics, which are currently in overbought territory, with the %K line emitting signals of a possible pullback. That said a conflicting bearish ... (full story)

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  • Category: Technical Analysis