A minor corrective wave is likely to be seen in EUR/USD given the bullish price RSI divergence on the hourly chart.
The pair could correct to 1.1050 or may even go higher to 1.1088 levels, although overall trend appears bearish given the bearish break below 1.11 handle.
Hence, upticks are likely to be met with fresh offers. A subsequent break below 1.10 handle would open doors for 1.0911 levels.
The pair could correct to 1.1050 or may even go higher to 1.1088 levels, although overall trend appears bearish given the bearish break below 1.11 handle.
Hence, upticks are likely to be met with fresh offers. A subsequent break below 1.10 handle would open doors for 1.0911 levels.
