EUR/USD Tuesday’s four-hour chart is showing overbought conditions, as FXStreet’s analyst Yohay Elam notes. Key quotes “The Relative Strength Index on the four-hour chart is flirting with the 70 level – entering overbought conditions. That implies a downward correction. Other indicators are positive, including upside momentum and trading above the 50, 100, and 200 Simple Moving Averages.” “Resistance awaits at 1.0955, the daily peak, and the highest in two weeks. The swing high of 1.0970 and the mid-April top of 1.0995 are next.” “Some support awaits at the early May swing high of 1.0925, followed by 1.0895, a high point last week.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China’s Foreign Ministry: Tariffs on Australian barley is based on investigations conducted and WTO rules FX Street 2 years EUR/USD Tuesday's four-hour chart is showing overbought conditions, as FXStreet’s analyst Yohay Elam notes. Key quotes “The Relative Strength Index on the four-hour chart is flirting with the 70 level – entering overbought conditions. That implies a downward correction. Other indicators are positive, including upside momentum and trading above the 50, 100, and 200 Simple Moving Averages.” “Resistance awaits at 1.0955, the daily peak, and the highest in two weeks. The swing high of 1.0970 and the mid-April top of 1.0995 are next.” “Some support awaits at the early May swing high of 1.0925, followed by 1.0895, a high point… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
