Volume is going down, while the price is going up. The RSI hasn't been able to even touch oversold and is stuck in a range, while the price is going up. Clear divergence on both and it is bearish.
To me this Euro price action has been a healthy pullback and I am expecting this wedge to break to the downside. When it completes with good volume, I'd be shorting the market. Right now, I can't see a clear entry or exit points, but a break below 1.065 would be very bearish to me.
Some important news are coming out on Thursday and Friday out of the US and I would like to see how they play out.
To me this Euro price action has been a healthy pullback and I am expecting this wedge to break to the downside. When it completes with good volume, I'd be shorting the market. Right now, I can't see a clear entry or exit points, but a break below 1.065 would be very bearish to me.
Some important news are coming out on Thursday and Friday out of the US and I would like to see how they play out.
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