Technical Analysis – EURUSD bearish
Posted on March 20, 2014 at 7:52 am GMTEURUSD fell below the key 1.3900 support level on Wednesday and stopped just above the 1.3800 psychological level to rebound at 1.3808 early on Thursday. On the 4-hour chart, EURUSD broke below its 20 and 50 period moving averages to currently find support at the 100-period moving average. In the short-term, further bearishness remains as technical indicators are showing bearish signs. The RSI has declined towards 30 while MACD has fallen below zero. The Stochastic is below 20 in oversold [..]