EUR/USD Update: Revisiting 1.0960 Resistance and Projected Direction
EUR/USD Encounters Resistance at 1.0960, Pulling Back from a Near Three-Month High of 1.0965 Early Tuesday. Selling Pressure Mounts as the US Dollar Strengthens Amid Mixed Market Sentiment and Anticipation of Upcoming Fed Speeches. Eyes Also on ECB Officials' Remarks. As Predicted Yesterday, the Price Faces Rejection at the Previous Resistance Area Near 88.60% from the Previous Swing High. Noteworthy Divergence in RSI Occurred Yesterday, Following a Bearish Push-Down. During the Asian Session, the Price Retested the Area, Exhibiting Another RSI Divergence Before a Subsequent Drop. Presently, the Price Aligns with Our Projected Direction.
Below 1.09875 look for further downside with 1.09085 & 1.08900 as targets.
Previous Idea:
EUR/USD Encounters Resistance at 1.0960, Pulling Back from a Near Three-Month High of 1.0965 Early Tuesday. Selling Pressure Mounts as the US Dollar Strengthens Amid Mixed Market Sentiment and Anticipation of Upcoming Fed Speeches. Eyes Also on ECB Officials' Remarks. As Predicted Yesterday, the Price Faces Rejection at the Previous Resistance Area Near 88.60% from the Previous Swing High. Noteworthy Divergence in RSI Occurred Yesterday, Following a Bearish Push-Down. During the Asian Session, the Price Retested the Area, Exhibiting Another RSI Divergence Before a Subsequent Drop. Presently, the Price Aligns with Our Projected Direction.
Below 1.09875 look for further downside with 1.09085 & 1.08900 as targets.
Previous Idea:
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