EUR/USD possible reversion.

٤ أغسطس ٢٠٢٠

A break below 1.17 will allow the pair to drop towards 1.158. Failed support at 1.158 is expected to move the pair towards the target rate of 1.143 which is just below my previous target range between 1.145 and 1.55. RSI is in the overbought zone and the 12-day- looks set to cross below the 26 day exponential on the MACD.