It looks Eur will lose value and this pair looks overbought so I go short.
Wait till the break of the channel to down and make a H1 down candlestick, then sell.
I drew possible directions, it is up to you where to enter. Be careful! ))) Have a good trade !
Probably the trend will break the purple line within the circle and go down. Wait for the break and appearance of a down candlestick in H1 or H4. Whish you good trade.
It is important to follow the red line, the trend can touch the line and go upward or break the line and go down. It is not advisable to make trades within the yellow circle, wait for the formation of a candlestick out of the danger zone.
Follow the arrows where breaks the channel line to downtrend then sell.
Weekly divergence Break down TL and retested on Daily tf. Sell stop on 78.600
GOLD will go up on long term. My targets for GOLD til end of the year 1420.
Sell stop will be there. I will update
I will update. If this pair making reversal to the down it means EURUSD down GBPUSD up.
I will put sell stop and wait. My opinion will be very good reversal on weekly time frame for a long time