Technical analysis of EUR/USD for July 15, 2020

Overview: The EUR/USD pair broke resistance which turned to strong support at the level of 1.1375 yesterday. The level of 1.1375 coincides with a top point (100% of Fibonacci), which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is above 70. The RSI is still […]