EUR/USD registers a fresh monthly high (1.0895) even though it fails to extend the recent series of higher highs and lows, and a move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by a further advance in the exchange rate like the price action from earlier this year. US Dollar Forecast: EUR/USD Rally Susceptible to Overbought RSI Signal EUR/USD cleared the September high (1.0882) following the softer-than-expected US Consumer Price Index (CPI), and the exchange rate may continue to retrace the decline from the August high (1.1065) amid waning expectations for higher US interest rates. ... (full story)