EUR/USD – Potential top around 1.1284 (161.8% Fib Ext.)
The daily RSI is overbought plus we have a golden cross – bullish 50-DMA & 200-DMA cross. This is a laggard indicator, which means it often works well as a contrary indicator.
Thus, we are expecting a short-term top around 1.1284.
Thus, we are expecting a short-term top around 1.1284.