Surefyre
Short

EURUSD about to break one way or another

FX:EURUSD   Euro Fx/U.S. Dollar
275 0 3
But which way? Breaking upward requires busting two trendlines - (A) and (C), breaking down requires breaking one and historically there have been large downward movements after hitting trendline (A) which has just had a third confirmation 5 or so weeks ago from the rebound.

Despite the general upward momentum over the last year I'm inclined to lean towards a bearish position. Also, is that a divergence I see in the RSI (red line in mixed indicator window immediately below chart) and the MACD?

Tempting to pop a short on now thought there might be one more touch of the long-term (A) which would give a better entry.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex 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