EURUSD is expected to reverse to the upside at least for a bounce towards 1.13. Short-term trend remains bearish but we have some bullish RSI divergence signs that provide a warning for bears.
Black line -resistance
Green lines - bullish divergence
With the RSI at oversold levels and turning upwards without making new lower lows as price does, I'm confident that soon we should expect a bounce at least towards 1.1260 if not 1.13. The RSI is also about to break above the resistance trend line and something like this will be combined with a break above 1.1220. A move towards 1.1250 should be seen over the next two sessions. Support is very important at 1.12-1.1180.
