Euro / U.S. DollarShort
Key resistance at 1.1615
Technically, the pair has struck against a significant resistance at 1.1615 given by the high of August 2015 (close price) and the channel resistance. In addition, a shooting star has formed which represents a potential trend reversal. Furthermore, the MACD is displaying a bearish divergence.
As long as 1.1615 isn't broken by a significant margin, the bear camp has the edge in my opinion.
As long as 1.1615 isn't broken by a significant margin, the bear camp has the edge in my opinion.
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.