Note: This section contains information in English only.EUR/USD is in a bearish markdown phase characterized by a series of lower highs capped by a descending trendline, having recently broken sharply below a key support floor at 1.15700 on expanding volume.
This high-momentum breakdown has pushed the current price to 1.15061, driving the RSI into oversold territory at 29.04. While the extreme indicator reading suggests the market is extended and could see a short-covering pullback to retest 1.15700 as resistance, the dominant institutional selling pressure keeps the immediate focus on further downside continuation.
Mon, 08 Jun 2026 09:17:43 GMT
Source: Dukascopy Bank SA
This high-momentum breakdown has pushed the current price to 1.15061, driving the RSI into oversold territory at 29.04. While the extreme indicator reading suggests the market is extended and could see a short-covering pullback to retest 1.15700 as resistance, the dominant institutional selling pressure keeps the immediate focus on further downside continuation.