- The EUR/USD pair fell marginally to 1.0270 on Tuesday, ending a five-day losing streak.
- The Relative Strength Index is currently at 37, and is moving sharply higher despite remaining in negative territory.
EUR/USD managed a modest rebound on Tuesday, falling to 1.0270 but avoiding a sixth straight day in the red. Despite this fragile rebound, the pair remains under pressure, confirming the continuation of the headwinds that characterized its performance over the past week.
Technical indicators offer a mixed perspective. While the Relative Strength Index (RSI) rose to 37 and showed signs of life, it is still found in negative territory. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram is printing flat red bars, indicating that the latest delay period may lack the follow-through necessary to trigger a strong bullish reversal.
Looking ahead, immediate support stands near the 1.0250 handle, with any decline below this level potentially targeting the 1.0220 area. On the upside, overcoming resistance around 1.0300 will be necessary to strengthen the pair’s recovery attempt, opening the door to a possible retest of the 1.0350 area if bullish momentum takes over.
Daily chart of EUR/USD
