EUR/USD Price Analysis: Bearish RSI divergence prods Euro bulls, US GDP, 1.1090 eyed EURUSD Technical Analysis ChartPatterns SwingTrading RelativeStrength
during early Thursday. That said, the Euro pair picks up bids to pare the late Wednesday’s retreat from the multi-day high to around 1.1045 by the press time.
Apart from the failure to cross the crucial resistance line, the bearish RSI divergence with the latest run-up in the EUR/USD price also teases the Euro pair sellers on an important data release day.pair’s tops marked since early February fail to gain support from the RSI line as the higher high in prices commensurate the lower low of the oscillator, which in turn suggests a pullback in the quote before the next leg of the uptrend.
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