EUR/USD:RSI Divergence , possible retracement for the EUR

Short

Euro / U.S. Dollar (PEPPERSTONE:EURUSD)

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PEPPERSTONE:EURUSD Euro / U.S. Dollar

Trend Analysis Fundamental Analysis Technical Indicators EURUSD EUR euro USD Contains image

trendanalysis fundamental indicator eurusd eur euro usd containsimage

EUR/USD has lost its traction and pulled away from the multi-month it set above 1.0900 earlier in the day. Mixed comments from European Central Bank officials regarding the rating outlook and the cautious market mood seem to be limiting the Euro's upside for the time being.
We can see an RSI divergence on the chart, this may show a retracement of the price for today.

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