EURUSD managed to stay afloat above the downtrend’s bottom line of 1.0348 for the third time despite its bearish weekly close. Nevertheless, negative risks keep lingering in the background. Particularly, the 20-day simple moving average (SMA) has resumed its negative slope after failing to cross above the 50-day SMA, while the RSI and the MACD […]
The post EURUSD Stays Afloat Above May’s Lows; Bias Still Bearish appeared first on Action Forex.
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