The EURUSD weekly chart shows the following signs:
The EURUSD pair made double top at 1.39 and Initial bias remains on the downside this week towards to the KUMO support and EMA 200 at 1.35588 first.
The MACD has given a bearish sign and the RSI too.
I expect that the EURUSD will extend the short trend until the support line that meet the SPAN A of KUMO cloud and the EMA 200 at the same point in a long term view. Alse we have a divergence in MACD.
The EURUSD pair made double top at 1.39 and Initial bias remains on the downside this week towards to the KUMO support and EMA 200 at 1.35588 first.
The MACD has given a bearish sign and the RSI too.
I expect that the EURUSD will extend the short trend until the support line that meet the SPAN A of KUMO cloud and the EMA 200 at the same point in a long term view. Alse we have a divergence in MACD.
