I am seeing a bearish divergence on the daily time frame. Price made a higher high while RSI made a lower high.
I am expecting price to move lower to 0.954 (previous resistance area which may act as support).
The utlimate target though is 0.9447 (the bottom of the channel & a previous resistance level)
A break above the channel invalidates this setup. Stop loss above the highs.
Good Luck
I am expecting price to move lower to 0.954 (previous resistance area which may act as support).
The utlimate target though is 0.9447 (the bottom of the channel & a previous resistance level)
A break above the channel invalidates this setup. Stop loss above the highs.
Good Luck