EURUSD The daily chart for the EUR/USD pair shows it is finally correcting after advancing for nine days in a row. The slide is limited as the dominant trend is bullish, and higher highs are still likely, but not in the near term. The mentioned chart shows technical indicators heading lower, yet with the Relative Strength Index (RSI) indicator still within overbought readings. At the same time, the pair develops far above bullish moving averages, with the 20 Simple Moving Average (SMA) currently at around 1.1570.
EURUSD Looking at the 4 hour chart, buying volume has stepped back in and the stochastic rsi is at the sweet spot for longs. Hopefully we resume the bullish run and get out of this dookie consolidation. tradingview.com/x/RihmECCo