Pokes 1.1300 amid bullish RSI divergenceEUR/USD buyers flirt with the 1.1300 threshold, following a quick drop to 1.1258. In doing so, the currency major pair traces upbeat technical signals during
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EUR/USD to extend its decline as widespread lockdowns in Europe loomEUR/USD is underperforming its major peers on Monday as selling emerges above 1.13. Economists at Scotiabank expect the world’s most popular currency pair
Murrey math lines: EUR/USDIn the H4 chart, after breaking 0/8 to the upside and leaving the “oversold area”, EURUSD is expected to break 1/8
Near-term action lacks clear direction1.1290 Fibonacci level remains keyThe Euro is standing at the back foot in early Monday following last Friday’s nearly 1% bounce, driven by a weaker dollar on month-end sales
Friday's short-covering rally runs out of steam rather quicklyThe EUR/USD pair witnessed an aggressive short-covering move on Friday and moved further away from the lowest level since July 2020 set in the previous day.