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eyeseeart

USD/BRL

Short
U.S. Dollar / Brazilian Real (FOREXCOM:USDBRL)  
eyeseeart  
FOREXCOM:USDBRL   U.S. Dollar / Brazilian Real
Trend Analysis Chart Patterns Fundamental Analysis brazil USDBRL Trend Line Break supply_and_demand support resistence Demand Zone supportandresitance supportresistace
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trendanalysis chartpattern fundamental brazil usdbrl trendlinebreak supply_and_demand support resistence demandzone supportandresitance supportresistace
USDBRL price is at a major resistance zone and seems to be forming a double top on the daily time frame. Price should start heading down. Worst case it breaks the daily zone and hits the Monthly descending trendline (red). Price is currently overbought on the RSI and Bollinger Bands so there is a high probability it will go down.
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