FantasticFox

EURUSD 60 A possibility for a Bearish Divergence

FX:EURUSD   Euro / U.S. Dollar
4
EURUSD 60 A possibility for a Bearish Divergence

According to the RSI bearish divergence signal from RSI and MACD and somehow the completed bearish butterfly in EURUSD 240, there is a possibility we have a downward trend in EURUSD in coming days. However, never forget to check the fundamental analysis and be careful with higher high line. If market breaks this line, there is a possibility of upward trend in this ticker. So we sell if the lower line breaks, or we buy once the higher high line breaks.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.