Technical Analysis – EURUSD sharply corrects; maintains positive signals

EURUSD has retreated sharply under the 1.1269 level – that being the 23.6% Fibonacci retracement of the up leg from 1.0774 to 1.1421 – and the key swing low of 1.1240. Sellers are attempting to extend the pullback, something also displayed in the short-term oscillators. Although deep in the positive region, the MACD has eased […]