The RSI indicator is making lower lows whereas the prices are making higher highs, signalling a bearish divergence. Enter the trade around 1.7230 with first target of 1.71800 and the second target around 1.70937. The nearest Stop loss for the pair is kept at 1.73072.
Kommentera:
Fundamentally Euro seems week with diminishing probability of Fed rate cut in July amid escalating tensions in middle east and trade war woes.