EUR/USD strong uptrend on the weekly chart, but weak on the shorter term. Flat position.
Chart courtesy of investing.com
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The “Relative Strength Index”, or RSI, is one of the most commonly used indicators by technical analysts.
Unlike modern indicators, the RSI is a very simple indicator that can be used in several ways (some of them will be discussed later on in this article) to locate oversold and overbought territories that may hint for trend exhaustion and possible reversal zones. 36 more words