EURUSD may go back to the upward trend
Due to the mortgage problem, the EURUSD went up sharply for a while. Now, the price started to go down; and we can see two big red candles here.
Does this mean the mortgage problem is over?
I don’t think so.
The downward price movement could just be a retracement of the upward trend. Let’s see, it is now just at the 0.618 level of previous upward movement. So, it could receive enough pressure here.
The MACD seems still to show the bearish signal. The blue line is far from the orange line. The RSI stays in around 45, and recently it seems to go up a little.
Let’s wait for more signals to reveal bullish.
Does this mean the mortgage problem is over?
I don’t think so.
The downward price movement could just be a retracement of the upward trend. Let’s see, it is now just at the 0.618 level of previous upward movement. So, it could receive enough pressure here.
The MACD seems still to show the bearish signal. The blue line is far from the orange line. The RSI stays in around 45, and recently it seems to go up a little.
Let’s wait for more signals to reveal bullish.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.