EURUSD: RSI Bearish Divergence at a 0.786 Retrace
EUROUSD is currently Overbought on the RSI and Diverging at a 0.786 Retrace just below Resistance; if it acts the way I suspect it will, we will see the Euro come back down to recover at least 50% of the range it's been in since around the start of the year and if we're really lucky, it will recover the full range.
I do suspect that the Euro will come back up after making the 50-100% retrace to the lows, but in the meantime, it looks Bearish.
I do suspect that the Euro will come back up after making the 50-100% retrace to the lows, but in the meantime, it looks Bearish.
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