The euro rally is looking like it may stall at the Yearly open, the 50% pitchfork line (blue dash) & median line.
Note the RSI failing to break above 60 as the rally continued in May.
A weekly close back below the 50% fib retrace would be further confirmation
Break this trend line to trigger selling momentum
Note the RSI failing to break above 60 as the rally continued in May.
A weekly close back below the 50% fib retrace would be further confirmation
Break this trend line to trigger selling momentum
Note
Retest of year open/38.2% retrace and we slide. Now to break the double bottom
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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.