EUR/USD technical analysis: Oversold RSI conditions, bounce from 8-week old support-line favor recovery

Despite showing little momentum beyond 61.8% Fibonacci retracement, oversold RSI conditions and sustained trading above short-term support-line portrays the EUR/USD pair’s strength as it takes rounds to 1.1230 during early Asian morning on Monday. June 17 high near 1.1247 can act as immediate resistance for the pair ahead of fuelling...