EUR/USD Price Analysis: Next Contention Level at 1.0720 Indicates Market Oversold
Tuesday, 2 April 2024, 06:23
EUR/USD Price Analysis
The EUR/USD pair extends its downside to 1.0730, the weekly low during the early European session on Tuesday.
Key Points:
- Contend Level: The next crucial level to watch is at 1.0720.
- Oversold RSI: RSI conditions suggest market is oversold.
- Traders are advised to monitor RSI levels closely for potential buying opportunities in the EUR/USD pair.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.