Technical analysis of EUR/USD for July 06, 2020

The EUR/USD pair broke resistance which turned to strong support at the level of 1.1245 last week. The level of 1.1213 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is around 70. The RSI is still […]