The euro inched higher after Eurozone bond yields climbed to multi-month highs. The pair is still in a recovery phase following last week’s sell-off.
The RSI divergence has signaled a deceleration in the bearish momentum. The breakout above 0.8610 has prompted more sellers to take profit, lifting pressure on the single currency.
0.8640, support turned into resistance is the next hurdle. A bullish breakout could send the price to 0.8680. 0.8560-90 is the demand area if the pair needs to find bids.
