EURO Daily chart technical view

FX:EURUSD   Euro / U.S. Dollar
price still probing on the resistance from the regression channel I draw here and it's now at 127.2 Fib. extension level which may provide a test resistance and a possible pullback may happen if it failed to break.

a Classic bearish divergence appeared on MACD histogram. My idea on this is if MACD histogram makes a higher high just like the price, then we'll see another uptrend move but of not, we may see reversal with stochastic as entry.

renko shows that it manage to get out of the non trending market as it reached 1.388 and gives a positive market movement.


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