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Onardus

EURUSD Needs to retrace within the channel

Short
Euro / U.S. Dollar (FOREXCOM:EURUSD)  
Onardus  
FOREXCOM:EURUSD   Euro / U.S. Dollar
Chart Patterns Technical Indicators Wave Analysis
2
0
chartpattern indicator waveanalysis
Expecting a pullback before a continuation.
I know everybody is extremely bullish about this pair. But I have a biased bearish. The 4H and 1H RSI is quite overbought after it formed a "W" formation. It is expected to go down to the neckline before passing 1.2 resistance. What do you think?

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