EUR/USD Intraday: the RSI is overbought

Aug 19, 2026 1:01 PM

The upside prevails as long as 1.1590 is support, with 1.1666 and 1.1678 as targets

Our pivot point is at 1.1590.
Our preference:
The upside prevails as long as 1.1590 is support, with 1.1666 and 1.1678 as targets
Alternative scenario:
below 1.1590, expect 1.1570 and 1.1559.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 1.1598 and 1.1586). The EUR/USD is trading above its upper Bollinger band (standing at 1.1624).
Supports and resistances:
1.1690 *
1.1678 **
1.1666
1.1636 last
1.1590 **
1.1570 *
1.1559 **

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