Euro / U.S. DollarShort
Time for a retrace on EUR/USD to the downside.
EURUSD is on its way to retrace down according to the signals.
- On the RCI 3 Line indicator, the mid (blue) and long (green) trend lines have crossed.
- On the RSI, the RSI has crossed below the moving average (brown).
- The price has hit the upper level of the channel and made a tiny higher high, grabbing the sell-side liquidity resting above the previous high.
What happens next is yet to be seen. A clear change in trend has not been decided yet.
- On the RCI 3 Line indicator, the mid (blue) and long (green) trend lines have crossed.
- On the RSI, the RSI has crossed below the moving average (brown).
- The price has hit the upper level of the channel and made a tiny higher high, grabbing the sell-side liquidity resting above the previous high.
What happens next is yet to be seen. A clear change in trend has not been decided yet.
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