EURUSD Will Go Higher! Long!

5 thg 7, 2023

Take a look at our analysis for EURUSD.

Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is trading around a solid horizontal structure 1.087.

The above observations make me that the market will inevitably achieve 1.096 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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