The euro is easing against the US dollar on Friday morning European session.

The exchange rate trades near 1.1575 at 0830 UTC, where the lower boundary of the hourly Bollinger bands is located at.

The hourly RSI ticks at 20.6 and looks overstretched.

If the motion south persists during this session, the next target may lie on the weekly S2 at 1.1547. The weekly S1 may cap today's gains, if any will take place.
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