EURUSD: Expect further decline after rising channel fake-out
On the daily timeframe, EURUSD was rejected off a strong dynamic resistance zone around 1.11.
On the 4-hourly timeframe, EURUSD can be seen falling back into a rising channel after a fake-out that did not sustain.
RSI slipped into bearish territory and bearish divergence hints at retracement to test support around 1.085.
On the 4-hourly timeframe, EURUSD can be seen falling back into a rising channel after a fake-out that did not sustain.
RSI slipped into bearish territory and bearish divergence hints at retracement to test support around 1.085.