EURUSD Is Very Bullish! Buy!

28 באפר׳ 2023

Please, check our technical outlook for EURUSD.

Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is testing a major horizontal structure 1.099.

The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.115 level.

P.S
Please, note that an overbought condition can last for a long time, and therefore being overbought doesn't mean a price rally will come soon, or at all.

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