After breaking a 22-year long trendline 3 years ago, and testing it from below a few times, EURUSD has come back up to test what is now a 25-year long trendline.
A reversal pattern below this line on the monthly chart will suggest a potential reversal, while a firm close above this line will suggest a continuation up.
The stochastic indicator is signaling a bearish divergence, but it's not a clear cut.
A reversal pattern below this line on the monthly chart will suggest a potential reversal, while a firm close above this line will suggest a continuation up.
The stochastic indicator is signaling a bearish divergence, but it's not a clear cut.
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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.