Technical Analysis – EURUSD neutral; strong resistance at 50-day moving average
EURUSD is neutral since the end of September after pulling back from 1.2091, the highest level since December 2014. The pair is consolidating below 1.1900 around the 50-day moving average. Near-term risk is tilted to the downside with immediate support at 1.1660. EURUSD is expected to remain soft. The recent recovery from the 1.1660 area […]