EURUSD: Unclear signals with a channel
The price entered the channel I marked with orange lines on September 28th. The fluctuation within the channel seems to be broader, however, the Bollinger Bands do not change too much.
The volume went down. Traders are not confident about the price.
The MACD just made a bullish cross, however, this could be a short rising, because it did several crosses like this during the channel.
The RSI is very high, may enter the overbought area.
Let’s wait for more signals.
The volume went down. Traders are not confident about the price.
The MACD just made a bullish cross, however, this could be a short rising, because it did several crosses like this during the channel.
The RSI is very high, may enter the overbought area.
Let’s wait for more signals.
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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.