EUR/USD remains sidelined around 1.0730-35 as bulls seek more clues to extend the previous day’s recovery from a 10-week low amid Wednesday’s sluggish Asian session. In doing so, the Euro pair portrays the market’s anxiety as the key European/US data and events stand ready to prod the market’s momentum. That said, the Euro pair’s successful trading above a downward-sloping trend line from early May, around 1.0725, as well as the 61.8% Fibonacci retracement of its January-May upside, near 1.0715, joins the nearly oversold RSI (14) line to keep the buyers hopeful of further upside. However, the bearish MACD signals and ... (full story)