EURUSD has been in a consolidation mode after breaking below its upward sloping channel pattern. Nevertheless, the pair has realised some gains in the past few daily sessions, with the 50-day simple moving average (SMA) capping its upside. The momentum indicators currently suggest that bullish forces have gained the upper hand. Specifically, the RSI has crossed […]
The post EURUSD Battles With 50-Day SMA appeared first on Action Forex.
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