EUR/USD RSI Hits Oversold Levels Last Seen in 2020
The EUR/USD daily RSI has fallen to oversold levels last seen in 2020, raising concerns about a potential reversal across correlated currency pairs, including the US dollar and GBP/USD.
This move is attributed to rising US Treasury yields, which have reached levels not seen since 2002, as well as resilient US GDP growth revised to 2.2% and ongoing geopolitical risks in the Middle East.
However, momentum indicators across yields and currencies are showing signs of exhaustion, suggesting a near-term pullback may be approaching as we enter the fourth quarter of 2026.