Technical Analysis – EURUSD fiercely ascends to 2-month downtrend line; pauses at 38.2% Fibonacci

EURUSD appreciated, taking back more than half of two weeks of losses. The bulls are eyeing the downtrend line, but it seems that the move up has hit a ceiling as the upside momentum has evaporated, something also indicated by the RSI as it has flattened at the 50-level. The 200- and 100-day simple moving […]