- EUR/USD is sidelined near 1.09 at press time, having charted a lower high near 1.11 earlier this month.
- Intraday charts are reporting oversold conditions, but so far, the bounce has remained elusive.
The single currency is struggling to gather upside momentum despite signs of seller exhaustion on intraday charts.
For instance, the relative strength index (RSI) on the 4-hour chart is hovering below 30. Meanwhile, the hourly chart RSI is reporting a bullish divergence.
So far, however, that has failed to inspire the buyers, leaving the pair sidelined just above 1.09. That said, a corrective bounce could still be seen during the European session.
Any gains, however, could be short-lived as the recent slide from 1.1095 has put the single currency on track toward 1.0879 (Oct. 1 low). A violation there would expose the next support lined up near 1.0840.
|Today last price||1.0914|
|Today Daily Change||0.0002|
|Today Daily Change %||0.02|
|Today daily open||1.0912|
|Previous Daily High||1.0958|
|Previous Daily Low||1.0908|
|Previous Weekly High||1.1089|
|Previous Weekly Low||1.0942|
|Previous Monthly High||1.1225|
|Previous Monthly Low||1.0992|
|Daily Fibonacci 38.2%||1.0927|
|Daily Fibonacci 61.8%||1.0939|
|Daily Pivot Point S1||1.0894|
|Daily Pivot Point S2||1.0876|
|Daily Pivot Point S3||1.0844|
|Daily Pivot Point R1||1.0944|
|Daily Pivot Point R2||1.0976|
|Daily Pivot Point R3||1.0994|
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