Technical Analysis – EURUSD uptrend edges sideways; upside risks remain

EURUSD appears to have consolidated its advancements between 1.1695 and 1.1915, despite existing positive signals. In the meantime, the price is engaging the Ichimoku clouds upper band at 1.1842, while the 50-period simple moving average (SMA), the cloud and Ichimoku lines, sponsor a horizontal bias. Nonetheless, the short-term oscillators and the bullish tone of the […]