Eurusd long signal

38
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.