The Relative Strength Index (RSI) indicator on the 4-hour chart rose above 70, reflecting overbought conditions for EUR/USD. On the downside, 1.1500 (mid-point of the ascending channel) aligns as first support before 1.1450 (static level) and 1.1400 (20-period Simple Moving Average).
Looking north, first resistance could be spotted at 1.1600 (static level, round level) ahead of 1.1670 (upper limit of the ascending channel).
Looking north, first resistance could be spotted at 1.1600 (static level, round level) ahead of 1.1670 (upper limit of the ascending channel).
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🔰 Free signals (85% winrate)
🔰 Free knowledge
🔰 Update news continuously!
Telegram: t.me/sphyntrading
🔰 Free knowledge
🔰 Update news continuously!
Telegram: t.me/sphyntrading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.