Technical Analysis – EURUSD trades near 1.0800; neutral mode sustains

EURUSD was trading not too far from the bearish cross within the 20- and 40-period simple moving averages (SMAs) near 1.0800 in the 4-hour chart, creating a negative movement in the consolidation mode. But momentum indicators suggest some negative moves for the pair to decline further. The near-term bias is looking neutral-to-bearish as the MACD is flatlining […]