EURUSD Trend Reversal?
Updated
EURUSD is failing to close under broken resistance trendline which may validate the resistance trendline break. Potential trend reversal opportunity here.
RSI and MACD is holding up the bullish divergence.
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Blue Rectangle Box: Support Level
Red Rectangle Box: Resistance Level
Blue Arrow Line: Bullish Divergence
Red Arrow Line: Bearish Divergence
Red Shade Box: Suggested Stoploss by our algorithmic system
Green Shade Box: Suggested Stoploss by our algorithmic system
RSI and MACD is holding up the bullish divergence.
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Blue Rectangle Box: Support Level
Red Rectangle Box: Resistance Level
Blue Arrow Line: Bullish Divergence
Red Arrow Line: Bearish Divergence
Red Shade Box: Suggested Stoploss by our algorithmic system
Green Shade Box: Suggested Stoploss by our algorithmic system
Trade closed: stop reached
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.