Stochs have rolled over from overbought levels and MACD is on verge of bearish crossover on signal line.
We also evidence a bearish divergence on RSI and Stochs which adds to the bearish bias.
Upside was capped at 5-DMA and 5-DMA has turned south.
Good to go short on upticks, SL: 1.32, TP: 1.3075/ 1.30/ 1.2920
We also evidence a bearish divergence on RSI and Stochs which adds to the bearish bias.
Upside was capped at 5-DMA and 5-DMA has turned south.
Good to go short on upticks, SL: 1.32, TP: 1.3075/ 1.30/ 1.2920
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