- EUR/USD extends its post-Fed slid to fresh multi-month low.
- Oversold RSI, 9-month old support-line may trigger the quote’s pullback.
EUR/USD extends its south-run to fresh low since May 2017 as it trades near 1.1058 during the Asian session on Thursday.
The pair now aims for 9-month old descending trend-line, at 1.1048, during further declines amid oversold levels of 14-day relative strength index.
Should prices refrain from respecting medium-term support and oversold RSI conditions, early May-2017 high near 1.1020 can offer an intermediate halt prior to pleasing the bears with 1.0950 and 1.0850 supports.
Alternatively, 1.1100 and a previous-day high near 1.1162 may keep limiting the pair’s upside ahead of 21-day exponential moving average (EMA) level of 1.1182.
EUR/USD daily chart
Trend: Pullback expected
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