The EURUSD weekly chart shows the following signs:
The EURUSD pair after had made double/triple top at 1.39 it made double bottom (?) @1.353, Initial bias remains neutral this week.
The MACD has given a bearish sign 5 weeks ago and the RSI too < 50. Also we have the divergence in MACD as I have mentioned the short movement in Weekly (22/2014) last tech analysis. Maybe a Head & Shoulders Pattern is on our way.
I expect that the EURUSD may react when it meet the support line but I do not think that it will have great strength.
For more elements for short term trend see at 4H analysis (15.06.2014).
The EURUSD pair after had made double/triple top at 1.39 it made double bottom (?) @1.353, Initial bias remains neutral this week.
The MACD has given a bearish sign 5 weeks ago and the RSI too < 50. Also we have the divergence in MACD as I have mentioned the short movement in Weekly (22/2014) last tech analysis. Maybe a Head & Shoulders Pattern is on our way.
I expect that the EURUSD may react when it meet the support line but I do not think that it will have great strength.
For more elements for short term trend see at 4H analysis (15.06.2014).
