Euro / U.S. DollarShort
EURUSD Will Go Lower! Short!
Here is our detailed technical review for EURUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.049.
Considering the today's price action, probabilities will be high to see a movement to 1.032.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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