EUR/USD Daily RSI Hits Oversold Levels Last Seen in 2020

The EUR/USD daily RSI has fallen to levels last seen in 2020, raising concerns about a potential reversal across correlated currency pairs.

This comes as the US Dollar Index and major dollar pairs test new 2026 highs, putting pressure on the euro, which is trading near year-long lows, while the pound approaches multi-month support.

The move has been supported by rising US Treasury yields, now at levels last seen in 2002, resilient US GDP growth revised to 2.2%, and ongoing geopolitical risks in the Middle East.

Momentum indicators across yields and currencies are beginning to show signs of exhaustion, raising the risk of a near-term pullback as we enter the fourth quarter of 2026.