EUR/USD Daily time frame price action is showing a rebound from long term oversold and extended levels. Current price is trading above 20 and 50 Period which created a ( Golden ) cross but well below 200 period . Indicators like and are overbought and extended. Any further upside will potentially be capped by resistance at 1.2667. The following resistance is located at 1.2833 which is significantly important as it is a 200 Day and a Falling resistance as well. The last resistance could be potentially located at 1.3012. Alternatively, support on the downside is located at 1.2464 followed by 1.2353 which is 50 Day and 1.2262.