An interesting technical picture has emerged on the EUR/USD currency pair, based on the H1 timeframe.

As you can see, the unit has been steadily climbing since Friday, with a portion of that time price having been glued to the upper Bollinger Band. However, in recent movement, the upper Bollinger Band, once again, has welcomed another test, though this time it is accompanied by negative divergence out of the Relative Strength Index (RSI).

Downside from this point could target the inner band—the 20-period simple moving average—followed by the lower Bollinger Band.

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