a lot of high confluence showing short on the pair. shooting star close below ema, h&s retest, key fib levels not yet reached, down line rejection
break and close of trend line. close below DEMA. Targetting weekly EMA
2 CYPHERS, BANKING MORE ON SMALL ONE
shorting the heck outta this. bearish cypher, rsi overbuy, shooting star weekly close, resistance zone.
will price fail to break double top and continue its move up towards to the weekly down trend; or is this the end for eur usd?
I don't think there will be a break of the h&s to the downside. Still feel that there is upside to EurUsd 0.02% to retest it's weekly downtrend. The .618 fib along with the D, EMA acting as extra potential resistance. Will see what happens and update.
Good reversal area due to .618 fib, overbought on daily, 4hr bearish divergence, resistance level at .618fib level