Daily chart pattern – Bearish price rsi divergence
Pair’s inverted bearish hammer candle of last Tuesday followed by a rejection near 0.87 handle on Friday and move lower to 0.8644 today adds credence to the bearish price-RSI divergence and suggests a possible decline to 0.8590 (last week’s low), under which losses could be extended to 0.85 handle.
On the higher side, only a day end close above 0.8725 would suggest bearish invalidation.
Pair’s inverted bearish hammer candle of last Tuesday followed by a rejection near 0.87 handle on Friday and move lower to 0.8644 today adds credence to the bearish price-RSI divergence and suggests a possible decline to 0.8590 (last week’s low), under which losses could be extended to 0.85 handle.
On the higher side, only a day end close above 0.8725 would suggest bearish invalidation.
