The EURUSD is finding a hard time pushing up due to too much resistance in the area; we have a 55 EMA and 38.20 Fib, a weekly resistance @1.061, and a close monthly resistance @1.076 with a yearly trend line back from 2016 & 2020 and a descending trend line touching back from May 2021
In an 8 hours time frame, we can see that there is decreasing momentum and divergence on the RSI.
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In an 8 hours time frame, we can see that there is decreasing momentum and divergence on the RSI.
Feel free to share your thoughts in the comments, and kindly support the idea with a like. Your support is greatly appreciated!
