EURUSD pair has developed some very interesting and mixed signals. The upward primary trendline has been broken, which is the first reversal signal, CCI and RSI are also pointing towards trend reversal. To confirm the bear market the price needs to break below 23.6% fib 1.1720 level.
BUT I have also noticed a bullish pennant developing and MACD has no clear indication. If the price breaks above the secondary reaction, the price will continue to move up.
BUT I have also noticed a bullish pennant developing and MACD has no clear indication. If the price breaks above the secondary reaction, the price will continue to move up.
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