EUR/USD fell below the 10 and 21-DMAs then struck a five-session low Wed

The pair bounced but ended the day near the 1.0818 low: but above 100DMA

Daily RSI is falling but is no longer near overbought

Monthly RSI is rising and the pair holds above the daily cloud and 200-DMA

A rough bull pennant has formed on the daily chart

We went long at the market and target 1.0960 near the March highs

For more click on FXBUZ