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EURUSD’s 6-month decline oscillates around 1.13 mark
EURUSD is slightly above the mid-Bollinger band and appears set to continue its one-month consolidation in the vicinity of the 1.1300 handle. That said, downside risks remain, something also being mirrored in the falling simple moving averages (SMAs), which are defending the bearish bearing. The short-term oscillators are indicating that negative momentum has softened. The MACD is rising above its red trigger line closing in on the zero mark, while the RSI is toying with the 50 neutral threshold, showing that bullish drive is vulnerable. Moreover, the positively charged stochastic oscillator is hinting that buying ... (full story)