Evolution EUR USD
The EUR USD has an upward trend that can be cut in the medium term it will be important to follow the evolution up close.
This is indicating that the RSI is at a critical level around 73.50 and at any time may result in a sharp drop in contribution levels.
The roof of the trend is located at values close to 1.40 which is one of the maximums achieved this pair during this month. However, the high value of the RSI indicator shows that the rise may be less than the level above.
The first critical base is 1.3861 since there passes a Fibonacci retracement of 23.6%, the second is the value 1.3643 which represents a decline of 38.2%.
The key time to assess the evolution of this pair will be at the opening of European stock exchanges are expected to have low to the uncertainty about the evolution of the Japanese economy is the third largest worldwide.