EUR/USD a bull on the euro will overpower the usd, from technical analysis we can deduce a rise to 1.1 the next 24hours but afterwards it is likely going to drop to 1.09. A look at the technical analysis below,
Value Action
RSI 61.040 BUY
STOCH 77.244 BUY
STOCHRSI 96.843 Overbought
MACD 0.001 BUY
ATR 0.0029 Less Volatility
ADX 29.267 BUY
CCI 98.1970 BUY
Highs/Lows 0.0015 BUY
Bull/Bear Power 0.0032 BUY
Ultimate Oscillator 59.538 BUY
ROC 0.146 BUY
Williams R% -15.385 Overbought
Looking at the technical analysis above Euro overpowering the dollar is certain but a weakness would emerge after a slight bullish trend.
