EURUSD 4H Diagram Technical Analysis shows the following:
The EURUSD consolidates 1.336 - 1.340 under the KUMO (4h). MACD is turning weakly bearish under the zero line and RSI = 46.
Yesterday the pair failed to stabilizes above KUMO.
There is no special candlestick pattern. The Kijun Sen (blue line) and the Tenkan Sen (green line) both are into the KUMO. This is a very strong resistance (KUMO - Tenkan - Kijun)
There is no special pattern. Respecting to fib there is the 1.618 @ 1.321 but no so soon.
I prefer to stay aside with bearish thoughts and let MACD to clear the picture.
The EURUSD consolidates 1.336 - 1.340 under the KUMO (4h). MACD is turning weakly bearish under the zero line and RSI = 46.
Yesterday the pair failed to stabilizes above KUMO.
There is no special candlestick pattern. The Kijun Sen (blue line) and the Tenkan Sen (green line) both are into the KUMO. This is a very strong resistance (KUMO - Tenkan - Kijun)
There is no special pattern. Respecting to fib there is the 1.618 @ 1.321 but no so soon.
I prefer to stay aside with bearish thoughts and let MACD to clear the picture.
