Technical Analysis – EURUSD in neutral but bearish below 200-day MA
Posted on August 17, 2015 at 6:48 am GMTEURUSD has reverted back to a neutral trend. The flat tenkan-sen and kijun-sen lines and the horizontal Ichimoku cloud support the lack of direction in the market. EURUSD has been in a broad range between 1.0818 and 1.1466 in the last four months and the 1.1000 is an important psychological level which the pair has been pivoting around. This level also provides strong support, which if breached would take the market down towards the 12-year low of 1.0461 reached on [..]