Despite Friday’s rally, the failure to hold above 117.00 today in the wake of the daily bearish price RSI divergence suggests the pair is likely to re-test 115.00 handle.
A daily close below 115.00 would add credence to the bearish divergence and signal a top is in place at 118.66 levels.
A daily close below 115.00 would add credence to the bearish divergence and signal a top is in place at 118.66 levels.
