EUR/USD rises above 1.1210 with bullish RSI as investors question dollar’s safe-haven appeal post-downgrade.
EUR/USD surged above the 50-SMA near 1.1210 before retreating slightly to 1.1238. The RSI at 56.44 reflects bullish momentum, supported by the dollar’s broad weakness following Moody’s credit rating downgrade. Market skepticism over U.S. trade policy added to bearish sentiment on the greenback. However, resistance around 1.1250 capped further upside. The euro’s strength highlights investor rotation away from the dollar as safe-haven appeal is questioned.
