FX.co ★ Technical review for EUR/USD: price could bounce up soon

EUR/USD, which was under pressure amid expectations of more aggressive rate hikes from the Fed, may bounce up today if inflation data in Germany shows a slowdown. Stocks, meanwhile, may see a halt in sales ahead of the Fed meeting next week.Technical picture:The quote is below the middle line of the Bollinger indicator, below the SMA 5 and SMA 14. The relative strength index (RSI) is moving towards the oversold zone, while the stochastic indicator is above that area.Possible dynamics:The pair may rise to 1.0640 if traders manage to keep it above 1.0500.