Take a look at the following EUR/NZD chart. The price broke below a rising channel and completed a pullback, the level aligns with the 61.8% Fib level and forms a strong horizontal resistance with the previous highs.
There's also a slight bearish divergence on the short-term timeframe, with the RSI failing to make new highs despite the rise in the price.
There's also a slight bearish divergence on the short-term timeframe, with the RSI failing to make new highs despite the rise in the price.
