EURUSD looking toppy
Updated
The euro rally is looking like it may stall at the Yearly open, the 50% pitchfork line (blue dash) & median line.
Note the RSI failing to break above 60 as the rally continued in May.
A weekly close back below the 50% fib retrace would be further confirmation
Break this trend line to trigger selling momentum
Note the RSI failing to break above 60 as the rally continued in May.
A weekly close back below the 50% fib retrace would be further confirmation
Break this trend line to trigger selling momentum
Note
Retest of year open/38.2% retrace and we slide. Now to break the double bottom
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