EURUSD still bearish?
After Friday spike EURUSD has broken and retested before market close the descending channel . It has formed a double top at 1.180x and in the lower timeframes has a bearish divergence in rsi and macd . Maybe we have a false breakout and then continuation of the descending channel . This week we also have the NFP which may confirm this reversal.
We have also a forming an inverted head and shoulder which the price touching the neckline and maybe go down for the right shoulder till 1.7168 which is 0.618 Fibonacci on daily tf.
What do you think?
We have also a forming an inverted head and shoulder which the price touching the neckline and maybe go down for the right shoulder till 1.7168 which is 0.618 Fibonacci on daily tf.
What do you think?
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