EUR/USD is trading around 1.1640 during the Asian session on Tuesday, maintaining a steady position after modest gains in the previous day. The currency pair is testing the nine-day Exponential Moving Average (EMA) barrier, suggesting potential resistance in the near term.
The 14-day Relative Strength Index (RSI) currently sits at 44, indicating a neutral-to-bearish momentum. This fading strength may reflect a lack of conviction among traders as they weigh the economic fundamentals impacting the euro and the dollar. Market participants will be closely monitoring the exchange rate for any significant moves that could signal a shift in sentiment.
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Data Source: FX Killer Analysis Team Updated: 2026-01-20 03:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.