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EUR/USD Price Analysis: Technical outlook

Alan xi
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During the week, the EUR/USD fell below the 1.0800 figure, but sellers failed to push prices toward the February 20 low of 1.0761, which would have exacerbated a deeper pullback to 1.0700. However, Relative Strength Index (RSI) studies are about to turn bullish, opening the door for further upside. If buyers lift the pair above the 200-day moving average (DMA) of 1.0828, the Euro will remain bid and reach for the 50-DMA at 1.0871


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