Technical Analysis – EURUSD gains some upside momentum but still bearish
Posted on November 19, 2015 at 2:23 pm GMTEURUSD is looking to close higher for a second day but was struggling to hold above the 1.07 handle, dipping below it several times throughout the day. Momentum indicators have started trending upwards after falling to oversold territory but the upside momentum is not strong enough to push for a rise above 50. In fact, in the hourly charts, the stochastics have reversed back downwards, suggesting ongoing bearish bias in the near term. The longer-term picture is also looking bearish [..]