EURUSD has been underperforming over today’s session, after the bounce off the 20-day simple moving average in the short-term. The world’s most traded currency pair is trying to snap the two consecutive winning days, while it is in the process of forming a double bottom pattern with trough the 1.1510 barrier and with neckline the 1.1840 resistance level. In the daily timeframe, the technical indicators seem to have lost some of their strong bullish momentum. The Relative Strength Index (RSI) is sloping slightly to the downside in the negative zone, while the MACD oscillator is rising marginally above its red-trigger ... (full story)