Euro / U.S. DollarShort
Short Term Bearish Pattern Forming on EURUSD
EURUSDThere could be a nice shorting opportunity to one of those moving averages,
- A fairly clear looking bearish pennant (or flag)
- Lower lows forming on RSI
- MACD trending down
- Price action is failing to reach upper pennant trendline, may indicate Bulls are losing interest
In terms of price target any of those EMA's should do nicely.
Let me know what you guys think!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.