Technical Analysis – EURUSD pauses decline; medium-term neutral phase intact between 1.16-1.19

EURUSD’s recent decline has paused around the 50-day moving average. Downside pressure has eased for now but the medium-term neutral phase that started a few months ago remains intact. Looking at the daily chart, EURUSD was falling for five consecutive days and breached the 50-day MA before pulling back. Immediate resistance is expected at 1.1791 […]