Short EURUSD

١٧ يونيو ٢٠١٩

Based on the RSI analysis, EURUSD is above the 70 marks which indicate that it is overbought. This, therefore, presents a selling opportunity in the future. The MACD indicators, however, highlight and corroborate a bullish trend. This could be due to the fact that investors are speculating and leveraging on any opportunity to take profit as they await for the Fed meeting on Wednesday.