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InvestingScope

EURUSD: Channel Up broken. Bearish reversal.

Short
Euro / Dollaro (FX_IDC:EURUSD)  
InvestingScope  
FX_IDC:EURUSD   Euro / Dollaro
Trend Analysis Chart Patterns Technical Indicators EURUSD Forex EUR USD euro DJ FXCM Index dollar Currencies currency
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trendanalysis chartpattern indicator eurusd forex eur usd euro usdollar dollar currencies currency
The Channel Up on the 4H chart (RSI = 55.190, MACD = 0.005, ADX = 47.648) broke (sideways for now), the MACD made a bearish cross on the upper band and once the 4H MA200 (orange line) breaks (now at 1.0989)it will be the most optimal sell opportunity on the medium term. Targets: 1.08575 and 1.06500 in extension.



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