The pair has been trading in a downward trend for just over 2 months however momentum does appear to be slowing, with a channel being developed while:
Note the prior instances where similar RSI and MACD developments acted as early buy signals.
Last: 0.8988
Entry: A break of the channel or above 0.9000
Stop-loss: 0.8945
Target Range: 0.9115-0.9135
- The RSI has developed a positive divergence,
The MACD has developed a bullish crossover.
Note the prior instances where similar RSI and MACD developments acted as early buy signals.
Last: 0.8988
Entry: A break of the channel or above 0.9000
Stop-loss: 0.8945
Target Range: 0.9115-0.9135
