forexbillions
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Analysis
EURUSD is consolidating around the key psychological level at 1.1400. After hitting a 13-month high of 1.1445 on June 29, there was a slight pullback since the market reached overbought conditions, as was indicated by the RSI rising to 70.
Upside momentum has weakened and a neutral phase is expected in the near term. Any corrective move lower would likely find support at 1.1290. This is considered to be an important level since it was recently tested as ...
read more:
http://www.forexbillions.com/2017/07/10/eurusd-consolidates-around-1-14-maintains-bullish-trend/
EURUSD is consolidating around the key psychological level at 1.1400. After hitting a 13-month high of 1.1445 on June 29, there was a slight pullback since the market reached overbought conditions, as was indicated by the RSI rising to 70.
Upside momentum has weakened and a neutral phase is expected in the near term. Any corrective move lower would likely find support at 1.1290. This is considered to be an important level since it was recently tested as ...
read more:
http://www.forexbillions.com/2017/07/10/eurusd-consolidates-around-1-14-maintains-bullish-trend/
