Technical Analysis – EURUSD in bullish mood but caution still needed
Posted on April 15, 2019 at 7:09 am GMTEURUSD is pushing hard to enter the 1.13 neighbourhood and pierce its 50-day simple moving average (SMA) after a bullish week. Technically, the risk seems to be skewed to the upside as the RSI is holding a positive slope above its 50 neutral mark and the MACD continues to distance itself above its red signal line. However, with the stochastics fluctuating near overbought territory, any gains could come limited. Should the pair overcome the 23.6% Fibonacci of 1.1326 of the [..]