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EUR/USD Breaks Below Intra-day Range Support But Risk is On

posted by Avatar FXTimes 357 days ago in USD, EUR, Technical made popular 356 days ago

The EUR/USD bounced up from the 1.2438 level during the 6/26 US session. It stalled at 1.25 throughout the 6/27 Asian-European sessions. During this time the market was also forming a flat support just above 1.2475. Also note that the RSI has remained below 60 after it tagged 30 June 21 (last Thursday). This RSI action reflects bearish momentum...
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