The EUR/USD touched e new high for the current trend, but is this a good signal? We should wait to see if the breakout above the latest highs will be confirmed also by a close, or it will prove to be a false one. The 28 periods RSI shows a negative divergence and also an Head and Shoulders pattern.
With the current price action I am tented to believe that the price is on the edge of a fall, targeting 1.3400 or even lower for the rest of a week. Only a daily close above 1.3600 would change my mind.
With the current price action I am tented to believe that the price is on the edge of a fall, targeting 1.3400 or even lower for the rest of a week. Only a daily close above 1.3600 would change my mind.