EURUSD Price Analysis: Retreats from three-month high but stays beyond 1.0070 support confluence

From fxstreet.com

EURUSD bulls take a breather around the highest levels since early August, retreating to 1.0188 during Friday’s Asian session, as it pares the biggest daily jump in a week. The nearly overbought RSI (14) and a failure to provide a daily closing beyond September’s high seemed to have triggered the major currency pair’s latest pullback amid a sluggish Asian session. Even so, the quote remains well above the 1.0070 support confluence including the 100-day EMA and the resistance-turned-support line from early September. In addition to the 1.0070 support, the 1.0000 psychological manget and a downward-sloping trend ... (full story)