EUR/USD H4 Trades At Overhead Resistance
The below is the H4 chart of the EURUSD. Price is trading at overhead resistance around the 1.1280 level. Moreover, the RSI(9) has moved above 80 into an overbought position. We note that the ECB meets tomorrow and that it’s possible that it will adopt a dovish stance and announce a loose monetary policy for a new cheap lending scheme. We continue to monitor.
Past performance is not an indicator of future results.
CHART SOURCE: FXCM MARKETSCOPE 2.0
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