
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.
