EUR/USD: Up 0.21% to 1.1401 — RSI Signals Oversold

EUR/USD is trading at 1.1401 (+0.21%) as of July 02, 2026, during the European session, after closing at 1.1376 the previous day. The current rate is within the day's range of 1.1378 to 1.1406, indicating a modest recovery. Over the past 52 weeks, EUR/USD has traded between 1.1354 and 1.2018, with the current level near the lower end of this range. The pair is below both its 20-day and 50-day simple moving averages of 1.1485 and 1.1601, respectively, reinforcing the prevailing downtrend. The Relative Strength Index (RSI) stands at 28.5, signaling oversold conditions, which may suggest a potential for a technical rebound. The Average True Range (ATR) is 0.0068, indicating relatively subdued daily volatility.

Key technical levels to watch include the pivot at 1.1397, with resistance at R1: 1.1433 and support at S1: 1.1378. The current price is above the pivot and nearing the first resistance level. Given the oversold RSI reading, EUR/USD may be poised for a bounce towards 1.1433. However, the overall downtrend, as indicated by the moving averages, remains intact. A break above 1.1433 could signal a more significant recovery, while a drop below 1.1378 would likely resume the downtrend. The next catalyst for EUR/USD will be the upcoming US non-farm payroll data, which could either validate or invalidate the current technical rebound.