Technical Analysis – EURUSD at two-month high; challenges trendline

EURUSD bulls forcefully entered the 1.1100 territory on Monday and peaked at a two-month high of 1.1183, but failed to close above the former supportive ascending trendline even though the pair pierced through it. The price also surpassed the 200-day simple moving average (SMA) but the RSI and Stochastics are currently flagging overbought conditions, suggesting […]

Technical Analysis – EURUSD at two-month high; challenges trendline

EURUSD bulls forcefully entered the 1.1100 territory on Monday and peaked at a two-month high of 1.1183, but failed to close above the former supportive ascending trendline even though the pair pierced through it. The price also surpassed the 200-day simple moving average (SMA) but the RSI and Stochastics are currently flagging overbought conditions, suggesting […]