Short

EURUSD: Channel Up has topped. Sell signal.

EURUSD is bullish on its 1D technical outlook (RSI = 62.145, MACD = 0.003, ADX = 17.266) and overbought on the lower timeframes with the 4H RSI in particular above 75.000. The Channel Up that started on the February 2nd low had every HH pull back to its 0.618 Fib level. Consequently we are short on the short term (TP = 1.04500). If the price crosses under this 1 month Channel Up, the longer Channel Up should push even lower to the 0.786 Fib of the greater bullish wave (TP = 1.03000).

## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##

InvestingScope

I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts

Register here👉 investingscope.s.gy/PrimeXBT

Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope

Anche su:

Declinazione di responsabilità

Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.

InvestingScope

Anche su: