EURUSD - Bullish reversal underway
EURUSD (1H) - intraday bullish bias
The USD is extending losses across the board and gives the euro an opportunity for a short-term reversal. The 20-hour MA has crossed above the 30-hour's while the RSI is making a move upwards from its previous oversold area, signalling a rising momentum in the price action. The target will be under the recent high of 1.1055.
Key support: 1.1003/1.0988
Key resistance: 1.1055/1.1070
The USD is extending losses across the board and gives the euro an opportunity for a short-term reversal. The 20-hour MA has crossed above the 30-hour's while the RSI is making a move upwards from its previous oversold area, signalling a rising momentum in the price action. The target will be under the recent high of 1.1055.
Key support: 1.1003/1.0988
Key resistance: 1.1055/1.1070
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