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EUR/USD in a Bit of Congestion
The EUR/USD continues to make lower highs and lower lows. After a week pull back to start the 9/25 session, it fell further in the early European session into new lows slightly below 1.29. Price action is falling in a bit of congestion as the latest speed (trend) lines are showing in the 1H chart. Has the bearish correction lost gas? A rally back above 1.2955 would end the pattern of lower highs and lower lows as well as break out of the near-term congestion. Therefore just a break above 1.2955 in the 9/25 US session could refocus the pair to the upside. Momentum: The 1H RSI reading last week was able to tag ... (full story)
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