EURUSD setting up a nice spike and triangle pattern here. 200 moving average holding the falling resistance well for now but the spike is hard to ignore. Seems the bull objective would be a return to the previous highs or a long term level of falling resistance. Currently, price is in the middle of the triangle so no trade here. Will be monitoring for a break in...
A quick analysis of the 1HR chart, Waiting on the next few candlesticks for confirmation on the next move. Both 1H and 4H showing divergence on STOCH RSI for the possible bearish move and break trend support, waiting for more confirmation on this. Price has tested 0.882 for a double top and possible triple top. Will be waiting for RSI to be oversold and coming...