The Euro has been on a short bull run on the stimulus packages announced in the last weeks.
But now has hit a long term trend line and shows a strong bearish divergence on the RSI.
It looks very oversold for a Daily chart on the RSI but also by its distance away from the cloud.
If it breaks the Tenkan ( Yellow line ) It will move fast to test the Kijun ( Dark Blue line ) and if it breaks that the top of the cloud.
Be careful leverage trading is risky so manage your position sizing accordingly!
If you like my ideas and the work I do, please check out the links in the signature ;).
But now has hit a long term trend line and shows a strong bearish divergence on the RSI.
It looks very oversold for a Daily chart on the RSI but also by its distance away from the cloud.
If it breaks the Tenkan ( Yellow line ) It will move fast to test the Kijun ( Dark Blue line ) and if it breaks that the top of the cloud.
Be careful leverage trading is risky so manage your position sizing accordingly!
If you like my ideas and the work I do, please check out the links in the signature ;).
