Daily Forex Strategy

From forex.com

EUR/USD – Sideways. The pair has inched down lower to test the 14 Nov 2019 minor swing low of 1.0990 before it rebounded back towards the minor range resistance of 1.1090 in place since 06 Nov 2019. The hourly RSI oscillator has started to inch down from an extreme overbought level which indicates that yesterday’s push up reinforced by U.S. President Trump’s tweets on reinstating steel tariffs on Brazil and Argentina imports and a weaker ISM manufacturing PMI for Oct is likely to be overextended. Thus, it may see a push down to retest 1.0990. Since it is trading within a minor range configuration in the middle ... (full story)