EURUSD monthly chart suggests we might have topped after completing last leg of corrective structures . There are evidences which suggest beginning of down move namely, RSI divergence, Bearish monthly candle close, completed 5 waves to the upside, strong rejection after finishing 5 waves.Since there are lot of confluences for the down move, it's worthwhile to keep an eye on bearish setups that may present going forward for the bigger down move. 2018 could be the year for Euro bears, it's reflective on other
EUR pairs as well .
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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.