The EUR/USD pair held steady above the 1.0600 USD level during the European trading session on Tuesday. Despite dropping to a new low, it still received support from US bond yields, albeit rising slowly. However, its recovery seems weak due to the strength of the US dollar and risk concerns.
From a technical standpoint, the Relative Strength Index (RSI) indicates that prices are oversold, suggesting a potential short-term uptrend followed by a possible sharp decline.
From a technical standpoint, the Relative Strength Index (RSI) indicates that prices are oversold, suggesting a potential short-term uptrend followed by a possible sharp decline.
