EUR/USD is recovering from yesterday's dip, thanks to the growing demand in stock markets and the local weakening in dollar. It seems that investors have already factored into prices the expected 0.50% rate hike of the Fed in June.
technical picture:
The quote is below the middle line of the Bollinger indicator, above the SMA 5, but below the SMA 14. The relative strength index (RSI), meanwhile, is moving up, similar to the stochastic indicator, which is already leaving the oversold zone
Possible dynamics:
Rising above 1.0410 will lead to a local rebound to 1.0465.
