12 Hour Chart shown
The Euro is an regression channel and so is the RSI both going opposite directions.
This a big triangle that the EURO is in - using the (1) line of the Fib, also the mid-line of the triangle - so this could be considered a double top as well, and this case the target.
AUDUSD offers similar prospects, USDCAD already on the move.
Divergence in the DXY is similar.
Commentaire:
Sweepers this morning expecting new low to takeout all longs.
Commentaire:
Updated - ideal entry is about a cent lower - see lower chart