Technical Analysis – EURUSD consolidates under 50-day SMA; upside risks remain
EURUSD is resting on the 1.1707 level, that being the 23.6% Fibonacci retracement of the up leg from 1.0726 to 1.2010, capped by the mid-Bollinger band. The simple moving averages (SMAs) command a bullish tone while the short-term oscillators convey mixed signals in directional momentum. The MACD and the RSI are transmitting a slight improvement […]