Technical Analysis – EURUSD fails to hold above 1.2300; weak movement is expected
EURUSD has completed two consecutive positive trading days following the rebound on the lower Bollinger band, which holds near the 1.2160 support level. However, currently, the pair is moving slightly lower below the 20 and 40 simple moving averages in the daily chart. Remaining in the short-term chart, technically, the momentum indicators are endorsing the recent downside […]