Technical Analysis – EURUSD bounces off 2-year lows but downside risks remain
EURUSD switched to recovery mode after the free-fall towards a more-than-two-year low of 1.1026 last week. But the bearish forces have not faded yet as the RSI continues to move below 50 and the MACD under its red signal line despite showing some improvement. A closing price above 1.1180 and the 20-day simple moving average (SMA) (middle […]