Technical Analysis – EURUSD posts shooting star candle at long term downtrend line
EURUSD’s attempts to climb above the downtrend line – drawn from September 2018 – are finding significant downside pressure around 1.1145, which is the 50.0% Fibonacci retracement of the down leg from 1.1411 to 1.0878 and where the upper-Bollinger band and 200-day simple moving average (SMA) also reside. The pair seems to be struggling with […]