Hello,
As you guys know the EUROUSD has been very bullish in the last couple days.
But that might have came to an end with this bearish divergence.
NB: an RSI bearish divergence is where the price is forming higher highs but the RSI indicator is forming lower highs.
This might be an indicator that the price might settle in this area for a while or head back down which is not expected. But I'm not expecting a rise in EUROUSD at least for a couple days to a week.
As you guys know the EUROUSD has been very bullish in the last couple days.
But that might have came to an end with this bearish divergence.
NB: an RSI bearish divergence is where the price is forming higher highs but the RSI indicator is forming lower highs.
This might be an indicator that the price might settle in this area for a while or head back down which is not expected. But I'm not expecting a rise in EUROUSD at least for a couple days to a week.