Controversial signs on the daily chart.
Soon, I have to buy some euro, and I have decided to make some analysis on it.
Hope it will be helpful to you.
As the title said, we have some contentious signs. The price is stuck between the S1 and P-Pivot points. The MACD indicator shows weakening bearish momentum, but the RSI indicates that we will have continuation downwards.
At this point it could be anything, so I marked the 2 most likely scenarios on the chart.
The only thing we can do is wait and pay close attention!
Hope it will be helpful to you.
As the title said, we have some contentious signs. The price is stuck between the S1 and P-Pivot points. The MACD indicator shows weakening bearish momentum, but the RSI indicates that we will have continuation downwards.
At this point it could be anything, so I marked the 2 most likely scenarios on the chart.
The only thing we can do is wait and pay close attention!
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