EUR/GBP - SELL ON BEARISH RSI DIVERGENCE | 61.8 FIBONACCI
EUR/GBP has been progressing upwards at a stable rate and good pace over the past several weeks. I expect a local top at the 61.8 Fibonacci before turning over downwards.
[I]1H RSI Divergence Expectation[/I]
VERDICT: When bearish RSI divergence is observed on the 1H-4H chart, I expect EUR/GBP to then roll-over downwards and correct reasonably.
[I]1H RSI Divergence Expectation[/I]
VERDICT: When bearish RSI divergence is observed on the 1H-4H chart, I expect EUR/GBP to then roll-over downwards and correct reasonably.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.