Technical Analysis – EURAUD changes course after hitting monthly high
Posted on March 13, 2017 at 12:32 pm GMTEURAUD has edged lower since the day’s open after hitting a more than one-month high of 1.4183 earlier in the day. Looking at the Ichimoku analysis, the Tenkan-sen line (red) has recently crossed above the Kijun-sen (blue). This is a positive short-term alignment which is reinforced by the RSI indicator being in bullish territory at 59. Note though that RSI is currently trending downwards and the slope of the Tenkan-sen is close to being flat. The cloud bottom around 1.4220 [..]