EUR / USD bias remains bullish, but RSI signals overbought conditions. A pullback can be seen if the German second quarter GDP shows a larger-than-expected contraction. While the path of least resistance for the EUR / USD is on the higher side, the currency pair appears overbought and may suffer …
Read More »Reaches a new 22-month high of 1.1690 as the dollar sell-off continues
EUR / USD remains an offer amid a massive sale of US dollars. Gold is approaching the record of $ 1,920 reached in September 2011. Daily EUR / USD RSI shows overbought conditions. EUR / USD jumped to a new 22-month high of 1.1691 shortly before press time, having risen …
Read More »EUR / USD rises above 1.17 for the first time since September 2018
EUR / USD entered the handle of 1.17 and peaked at 1.1725 in Asia. The dollar is beaten across the board in Asia amid gold recovery. Sino-American tensions and fiscal stagnation in the United States fail to lift the dollar. The EUR / USD has crossed above 1.17 for the …
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