Looks like a perfect sell opportunity pending this long term established resistance holds at 1.22000.
Continued rejection will lead to a pivot which will establish a MACD/SIGNAL line cross to drop RSI out of overbought zone.
Look for retest at the marked supports as presented on the chart starting with 1.21600 followed by 1.21400 and 1.21200 for a final retest.
Please comment with any thoughts and ideas. Thank you.
Continued rejection will lead to a pivot which will establish a MACD/SIGNAL line cross to drop RSI out of overbought zone.
Look for retest at the marked supports as presented on the chart starting with 1.21600 followed by 1.21400 and 1.21200 for a final retest.
Please comment with any thoughts and ideas. Thank you.