In a strong downtrend recently, brief dead count bounce at a strong demand level. Still above this level for now. Bearish divergence on the MACD. Rejected off the 50EMA and the RSI 50 level, which could be early confluent factors to suggest the trend is still intact for now and this is a lower high before trend continuation. DXY 4H chart attempting to breakout of a range as well.
EURUSD weekly RSI is in the bearish control zone and monthly chart doesn’t look great either. Measured move of this bear flag could take price back to parity.
EURUSD weekly RSI is in the bearish control zone and monthly chart doesn’t look great either. Measured move of this bear flag could take price back to parity.