EURGBP 1D - Overbought and divergence
As you can see the RSI is almost in its overbought line and both indicators show a Divergence.
Looking at the price we see that it is almost touching a big resistence that has been coming from October last year.
I think it cannot break the resistence because it is almost overbought and the divergence shows that the demand isn`t strong enough.
Looking at the price we see that it is almost touching a big resistence that has been coming from October last year.
I think it cannot break the resistence because it is almost overbought and the divergence shows that the demand isn`t strong enough.
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