Technical Analysis – EURUSD testing 1.3500
Posted on July 21, 2014 at 2:04 pm GMTThe recent trend for the EURUSD has been bearish since early May and after prices fell below the Ichimoku cloud. The pair remains safe as long as it remains above the key 1.3500 level, which has been tested several times and has been holding up well. Momentum indicators are bearish, with RSI below 50 and the MACD below zero. However the stochastic is in extreme oversold territory signaling a possible correction for prices. To the upside, barriers are seen at [..]