Uniglobe Markets
Uniglobe Markets
May 21, 2025 at 06:49 AM
EUR/USD Technical Analysis Technical Overview EUR/USD has extended its bullish momentum, breaking above prior highs with strong upward candlesticks. The RSI is in overbought territory at 77.49, reflecting strong buying pressure but also a risk of short-term pullback. Support and Resistance Levels - Resistance 1: 1.13600 - Resistance 2: 1.13485 - Support 1: 1.13000 - Support 2: 1.12600 Buy Scenario A clear continuation above 1.13485 targeting 1.13600 and potentially higher if momentum holds. Ideal confirmation with a sustained RSI above 70. Sell Scenario If price drops below 1.13000, a correction toward 1.12600 is likely. Short-term retracement confirmed by bearish RSI divergence or drop below 65.
Image from Uniglobe Markets: EUR/USD Technical Analysis Technical Overview EUR/USD has extended its...

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