Technical Analysis – EURUSD holds above 200-period SMA
Posted on July 4, 2024 at 9:52 am GMTEURUSD continues the rebound off 1.0670 Price is bullish in near term Momentum oscillators are mixed EURUSD is finding strong support at the 200-period simple moving average (SMA) in the 4-hour chart near 1.0785. Also, the pair has been holding in an upside tendency after the bounce off 1.0670, with the MACD oscillator is holding above its trigger and zero lines. However, the RSI is flattening slightly beneath the 70 level. If the bulls drive the market higher, then the [..]