InvestingScope

EURUSD: Sell opportunity within the Channel Down.

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
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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