EURUSD: Sell opportunity within the Channel Down.
EURUSD has made a medium-term top as we pointed out on our previous analysis:
On the short-term we see a Channel Down with the 1H chart showing potential top bias (RSI = 57.599, MACD = 0.000, ADX = 20.301) as both the RSI and MACD are replicating the Lower High sequence of August 5th/6th. If the full -1.65% sequence is repeated, we see potential for a new Low at 1.1670.
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On the short-term we see a Channel Down with the 1H chart showing potential top bias (RSI = 57.599, MACD = 0.000, ADX = 20.301) as both the RSI and MACD are replicating the Lower High sequence of August 5th/6th. If the full -1.65% sequence is repeated, we see potential for a new Low at 1.1670.
** If you like our free content follow our profile to get more daily ideas. **
Comments and likes are greatly appreciated.
** Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. **
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial