EUR/USD potential head and shoulders pattern closer to completion. RSI is indicating a divergence that needs to be completed by a price breakout. Friday’s bullish range breakout on the 4 hour timeframe could be the key. Last Friday saw the EUR/USD pair to break out of range with significant volume. The popular pair has almost completed Read More …
Tag: bearish channel
EUR/USD Technical Analysis – Could the Bears Be Letting It Go?
EUR/USD has moved in a bearish channel during the last couple of months RSI is indicating a divergence that needs to be completed by a price breakout Possible head and shoulders pattern needs to be confirmed by price breakout too While the EUR/USD has been slipping downwards during the last couple of months several indications show Read More …
GBP/USD In Bearish Channel As Uncertainty Weighs on the British Pound
Prime Minister Theresa got EU approval on Brexit deal The challenge is now for the British Parliament to vote for it GBP/USD in bearish channel as political uncertainty weighs on the Sterling Overview Theresa May’s success in getting her proposed Brexit deal approved by the EU is only partial as the Prime Minister must now persuade her Read More …