My basic Daily & 4hr chart analysis on the EUR.USD
1. Trendline resistance dating back to 03.05.2016
2. Bearish Daily RSI divergence has formed since 25.04.2017
3. A break and close above 1.100 would invalidate this particular setup
4. If we break the neckline there is a possibility price will retest 1.0750
5. Bearish 4hr divergence is now starting to form
Although the analysis is very basic i will know more into this evening once we see a daily candle close.
1. Trendline resistance dating back to 03.05.2016
2. Bearish Daily RSI divergence has formed since 25.04.2017
3. A break and close above 1.100 would invalidate this particular setup
4. If we break the neckline there is a possibility price will retest 1.0750
5. Bearish 4hr divergence is now starting to form
Although the analysis is very basic i will know more into this evening once we see a daily candle close.
Kommentera:
Now we have broke and closed above 1.100 there are 2 available opportunities which both are pattern setups.
