EURUSD has been on the sidelines since the end of March as it consolidates within a channel with an upper boundary at the 1.0985 resistance and a lower boundary at the 1.0770 support level. Currently, the pair is capped by the 40-day simple moving average (SMA) and the mid-level of the Bollinger band, which is the 20-day SMA. From a technical viewpoint, the MACD oscillator […]