EUR/USD Price Analysis: Bearish RSI divergence on the daily chart

EUR/USD's daily chart shows a bearish RSI divergence.
The pair looks to have carved out a temporary top above 1.19.

Omkar Godbole FXStreet Contributor

EUR/USD fell by nearly 0.80% on Wednesday as the oversold dollar picked up a bid after the Federal Reserve minutes pushed back against measures like yield curve control.

Wednesday’s decline confirmed another lower high on the 14-day relative strength index. The indicator has charted multiple lower highs, contradicting higher highs on the price chart over the past three days.

That bearish divergence suggests the bullish trend is running out of steam. As such, the spot could witness a notable pullback in the near term. The immediate support is seen at 1.1724 – the lower end of the daily chart sideways channel. A violation there would expose the former resistance-turned-support at 1.1495 (March high).

The bullish view would be restored if the daily chart sideways channel is breached to the higher side. At press time, the pair is trading near 1.1840.

Daily chart

Trend: Bearish

Technical levels

EUR/USD

Overview
Today last price	1.1841
Today Daily Change	0.0004
Today Daily Change %	0.03
Today daily open	1.1837

Trends
Daily SMA20	1.1789
Daily SMA50	1.1501
Daily SMA100	1.1224
Daily SMA200	1.1137

Levels
Previous Daily High	1.1953
Previous Daily Low	1.183
Previous Weekly High	1.1864
Previous Weekly Low	1.1711
Previous Monthly High	1.1909
Previous Monthly Low	1.1185
Daily Fibonacci 38.2%	1.1877
Daily Fibonacci 61.8%	1.1906
Daily Pivot Point S1	1.1794
Daily Pivot Point S2	1.1751
Daily Pivot Point S3	1.1671
Daily Pivot Point R1	1.1917
Daily Pivot Point R2	1.1996
Daily Pivot Point R3	1.2039

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

EUR/USD looks apathetic around 1.1770

EUR/USD comes under renewed pressure on Tuesday, deflating below the 1.1800 support and reversing two consecutive days of gains. The pair’s decline follows the persistent move higher in the US Dollar, as trade uncertainty dominates the sentiment ahead of President Trump’s SOTU speech.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold appears offered around $5,150

Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Crypto Today: Bitcoin, Ethereum, XRP come under renewed pressure amid ETF outflows, tariff uncertainty

Bitcoin, Ethereum and Ripple are trading under increasing selling pressure at the time of writing on Tuesday, as market participants navigate renewed tariff uncertainty. The Crypto King holds above $63,000, down 2% intraday from its $64,656 open.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.