What we have here is a potential double top around 1.1250.
Golden crossover confirmed in late May is bad news for bulls at least in the short-term, given it is a laggard indicator and often acts as a contrary indicator.
Also take note of the bearish MACD divergence. The spot looks set to 1.1109 (double top neckline)
Golden crossover confirmed in late May is bad news for bulls at least in the short-term, given it is a laggard indicator and often acts as a contrary indicator.
Also take note of the bearish MACD divergence. The spot looks set to 1.1109 (double top neckline)