RehgalFx

Possible reversal in the works?

FX:EURUSD   Euro/U.S. Dollar
55 0 0
After bouncing off the 1.618 extension yesterday, a higher euro             may be in the works. It will be interesting to see if channel resistance can contain the pair or if we're heading into some consolidation until more data decides a clear direction. RSI also shows divergence which I never put much thought into, but it's there for those that do.
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