EUR/USD Bearish signal among negative RSI
The EUR/USD remains consolidating in a long-term range below the highest level 1.1455 this year. The pace of the Fed interest rate hike weighed on the EUR/USD as Fed policymakers called for a June rate hike. Breaking the 61.8% Fibonacci expansion 1.1365 will confirm a bearish reversal toward 1.1335, 1.1295 and 1.1265 respectively.
However, the EUR/USD needs a push above the minor resistance 1.1455 in order to clear the range, and cutting 1.1477 will create a bullish leg and will support prices near 1.1500, 1.1525 and 1.1555 resistance levels.
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