Currency Analyst since 2010

FBS: commets on EUR/USD

Longer upper shadows seen on the daily candlestick chart together with RSI divergence can be a potentially bearish sign. A decline below $1.3005/00 might bring the pair down to test $1.3460/40. This area keeps being a good support and a rebound from here is possible. Upside is limited for now, though we don’t rule out the possibility of the pair revisiting the recent high around $1.3587. We are looking for shorts around $1.3545 and will add to them below $1.3500.

Chart. Daily EUR/USD

Scroll to top