EUR/USD: Potential swing trade short
The 10hour chart remains within an established downtrend within a bearish channel. Prices retraced towards the daily pivot point and upper trendline whilst a bearish RSI divergence formed on RSI, yet volumes were notably lower to suggest the rise was corrective. Momentum has turned lower, so perhaps the swig high has already been seen.
- The bias is bearish below 1.0890
- Bears can target the daily S1 pivot for an initial target, although the daily
- The bias is bearish below 1.0890
- Bears can target the daily S1 pivot for an initial target, although the daily
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