Technical Analysis – EURUSD lacks strong bullish signals below 1.12

EURUSD tumbled into the 1.11 region on Friday for the first time after almost two years, stretching further its long-term downward pattern. While Monday’s bounce justified oversold signals by the Stochastic indicator, the weakness in the RSI, which continues to hover below 50, and the negative slope in the Ichimoku indicators (red Tenkan-sen and blue Kijun-sen) […]