EUR/USD steps back from two months high amid overbought RSI. Sellers will look for clarity as near-term key supports are still to conquer. With the overbought conditions of the 14-bar Relative Strength Index (RSI) showing a lack of buying interest at the two month top, EUR/USD pulls back to 1.1160 by the press time of Asian session on Monday. Even so, sellers are waiting for price decline below the three-week-old rising trend line, at 1.1125, followed by September high nearing 1.1110, in order to tighten their grip. In doing so, 1.1075 and 1.1060 can entertain them ahead of highlighting the 200-bar Simple Moving Average (SMA) level of 1.1013. Alternatively, recent high surrounding 1.1167 holds the key to pair’s run-up towards August month high surrounding 1.1250. EUR/USD 4-hour chart Trend: pullback expected 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 Goldman Sachs: Fed easing has offset the effects of the trade war FX Street 3 years EUR/USD steps back from two months high amid overbought RSI. Sellers will look for clarity as near-term key supports are still to conquer. With the overbought conditions of the 14-bar Relative Strength Index (RSI) showing a lack of buying interest at the two month top, EUR/USD pulls back to 1.1160 by the press time of Asian session on Monday. Even so, sellers are waiting for price decline below the three-week-old rising trend line, at 1.1125, followed by September high nearing 1.1110, in order to tighten their grip. In doing so, 1.1075 and 1.1060 can entertain them ahead of highlighting the… 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.
