msalotto
Short

EURUSD Bearish RSI breaak on Daily chart

FX_IDC:EURUSD   Euro Fx/U.S. Dollar
21 0 1
EURUSD             in the last few weeks had broken higher after there was a bullish RSI break to the upside. After a strong move up prices fully retraced the move and actually gave a BEARISH Hammer pattern on weekly chart. With RSI breaking the bullish momentum we can see further decline in EUR.

EUR has been moving sideways for over moths now after completing a impulsive decline to lows of 1.05.
Sideways price action often unfold in the direction of the longer term trend which in this case is downwards.

Good luck.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out