EURUSD overbought at a key level!

6 Sep 2021

EURUSD has entered the supply zone, and we can also see signs of reversal if we look at the candlestick patterns around the area. The bullish momentum gained by the pair over the past week is coming to a halt, with the RSI approaching oversold level, indicating the pair's downward turn from this point onwards. We can see two major support levels below, and expect the drop to continue till either of the two key levels as shown on the chart.