Technical Analysis – EURUSD maintains neutral bias; capped below 50-day moving average

EURUSD is neutral in a broad range between 1.1600 and 1.1900 since late September. The pair has been pivoting the 50-day moving average which is horizontal and indicative of a lack of clear direction in the market. The RSI is neutral around 50. Near-term support appears to be holding at 1.1730 and limiting downside moves. […]