What the EUR/USD Momentum Breakdown Means for the Rebound

EUR/USD technical analysis shows the euro rebounding off major long-term support after a five-week slide, while its broader downtrend stays intact. Michael Boutros, StoneX Media Senior Market Analyst, walks through the euro's monthly, weekly, daily and four-hour charts and the momentum signals behind the move. Monthly RSI on EUR/USD has broken below 50 for the first time in more than a year, even as daily momentum recovers from oversold conditions. Political unrest in France has pushed the spread between French and German government bond yields wider, adding volatility to the euro. Eurozone consumer confidence and same-day U.S. and eurozone PMI releases bring the next round of event risk for the pair. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros&utm_content=share 00:00 - EUR/USD Lands on Major Support 01:01 - Monthly RSI Turns on EUR/USD 01:24 - Five Weeks Down, Then a Bounce 02:07 - Relief Rally or Real Reversal 05:08 - French Yields Rattle the Euro 05:27 - PMI Day Puts EUR/USD on Notice Like and subscribe for more financial market insights. #StoneX #MichaelBoutros #EURUSD #Forex --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social