EURUSD finding a hard time pushing up
The EURUSD is finding a hard time pushing up due to too much resistance in the area; we have a 55 EMA and 38.20 Fib, a weekly resistance @1.061, and a close monthly resistance @1.076 with a yearly trend line back from 2016 & 2020 and a descending trend line touching back from May 2021
In an 8 hours time frame, we can see that there is decreasing momentum and divergence on the RSI.
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In an 8 hours time frame, we can see that there is decreasing momentum and divergence on the RSI.
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Feel free to share your thoughts in the comments, and kindly support the idea with a like. Your support is greatly appreciated!
Declinazione di responsabilità
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