The price action on the EUR/USD has been very impressive...showing an almost non-stop increase since the US elections. Based on a Elliot Wave count and a divergent RSI on the daily chart, we may be seeing the reversal. A retest of the highs...or even a break higher is still possible. However, the setup looks ready for the reversal to the downside.
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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.