EUR/USD Daily Forecast – Test Of Resistance At 1.1880

EUR/USD Daily Forecast – Test Of Resistance At 1.1880

EUR/USD is currently trying to settle above the resistance at 1.1880 while the U.S. dollar is gaining some ground against a broad basket of currencies.

The U.S. Dollar Index is currently trying to settle below the support at 92.15. RSI is in the overbought territory so the risks of a pullback are increasing. In case the U.S. Dollar Index manages to settle below the support at 92.15, it will gain additional downside momentum and head towards the next support at 92.