3 min readEURO VS DOLLAR (EUR/USD):
As anticipated in previous articles, EUR/USD has started to “pull back.” Currently, it’s trading just below 1.0900 and showing signs of moving higher. This can be viewed as something of a “relief” rally for the pair, following the Dollar Index’s impressive bullish run.
Looking more closely at the technicals, you’ll see that we’ve broken structure to the upside on the daily timeframe. In this case, the RSI indicator was an ideal tool for assessing potential “oversold” conditions. We observed signs of the price being “oversold” around the 30% level, which aligned well with this internal support area.
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