EURUSD has been moving in this bearish channel. I'm expecting a third touch on the upper trendline before we can expect a bearish continuation, that level also serves as a minor resistance on the smaller time frame.
The RSI is at 97 which also indicates that EURUSD is at the over sold level
But, if price breaks and closes above the upper band trendline, this fully signals a CHoCH and we can possibly expect an uptrend
The RSI is at 97 which also indicates that EURUSD is at the over sold level
But, if price breaks and closes above the upper band trendline, this fully signals a CHoCH and we can possibly expect an uptrend
