EUR/USD rebounds and stabilizes above 1.1250 following a two-day slide but remains on track to post small weekly losses. The pair draws support from a pause in the US Dollar buying as traders turn cautious ahead of US-China trade talks on Saturday.
The Relative Strength Index (RSI) indicator on the 4-hour chart stays near 40, suggesting that EUR/USD's latest rebound was a technical correction rather than the beginning of a reversal.
The Relative Strength Index (RSI) indicator on the 4-hour chart stays near 40, suggesting that EUR/USD's latest rebound was a technical correction rather than the beginning of a reversal.
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