EURUSD has been trading within a triangle pattern over the last seven weeks after it hit a 13-month peak slightly below the 1.1500 handle. The price iscurrentlytouching the upper boundary of the formation,while not far above the20-day simple moving average (SMA) is also located. Looking at thetechnical indicators, the MACD although below itsred trigger line, has eased negative momentum,while the RSI also looks to be improving within the bearish area, approaching the threshold of 50. Both are moving towards their neutral levels, endorsing the sidelines move ontheprice actionon the daily timeframe. In the event of an ... (full story)