EURUSD is currently struggling to break through the resistance at 1.095 and is looking to correct sometime soon. We can also see a RSI divergence which would imply a trend reversal.
Trendline break and close would confirm a short-term trend reversal and correction needed for EURUSD to trade higher in the long-term.
Best to not trade before the CPI today!
Trendline break and close would confirm a short-term trend reversal and correction needed for EURUSD to trade higher in the long-term.
Best to not trade before the CPI today!
Trade active
We've now had two rejections off the resistance area and it looks like EURUSD is finally ready to go short!
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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.