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Forex

EUR/USD Bulls Test Critical 1.1700 Barrier Amid Overbought Warnings

Guavy AI Editorial Team
Instruments
EUR USD
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The EUR/USD pair is testing the psychologically significant 1.1700 level against the US dollar, but technical indicators are flashing warning signs of overbought conditions.

A break above this level could open the door to further upside, targeting the previous support-turned-resistance zones around 1.1750 and 1.1800.

However, the Relative Strength Index (RSI) is currently above 70, indicating that buying pressure may be stretched, and a corrective move could be on the horizon.

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