Very simple and clear opportunity for the upcoming week.
Price has struggled the break above 1.40 since the 19th of February 2021 with multiple attempts since then with no success.
We can already see 2 rejections with RSI signalling an overbought market.
The daily chart identifies a double top formation which could indicate a possible reversal.
A break to the upside could mean a continuation to the 1.408 area, pending any news.
I will be waiting for the market to open before any decisions are made.
Price has struggled the break above 1.40 since the 19th of February 2021 with multiple attempts since then with no success.
We can already see 2 rejections with RSI signalling an overbought market.
The daily chart identifies a double top formation which could indicate a possible reversal.
A break to the upside could mean a continuation to the 1.408 area, pending any news.
I will be waiting for the market to open before any decisions are made.