Fri, 01 Aug 2025 13:30:04 GMT
EUR/USD Technical analysis
A key support level was recently established around 1.1450, where the RSI indicator became oversold, triggering a strong bounce higher.
Despite the force of this rebound, the medium-term trend remains bearish as the price is still well below its key moving averages. The 100-period moving average, around 1.1638, will now act as a significant resistance level.
The future direction will likely