The euro rally is looking like it may stall at the Yearly open, the 50% pitchfork line (blue dash) & median line.
Note the RSI failing to break above 60 as the rally continued in May.
A weekly close back below the 50% fib retrace would be further confirmation
Break this trend line to trigger selling momentum
Note the RSI failing to break above 60 as the rally continued in May.
A weekly close back below the 50% fib retrace would be further confirmation
Break this trend line to trigger selling momentum
Comment:
Retest of year open/38.2% retrace and we slide. Now to break the double bottom