EURUSD 4H Diagram Technical Analysis shows the following:
The EURUSD has made a short term decline under the resistance red line with consolidation on 1.618 od fib @ 1.351. The daily diagram is absolute bearish.
MACD is forcing bearish under the zero line and RSI is oversold.
We have no special candlestick pattern. The price is under the KUMO, the Kijun Sen (blue line) and the Tenkan Sen (green line) too.
There is no special pattern. The fib from 1.36919 to 1.35811 shows a 2.618 level of net target @ 1.34. It must breach the 1.35126 and stabilised above it in order to change the trend.
The pair will consolidate around 1.346 until it test lower levels. Short for 1.34. Stop loss above resistance line.
The EURUSD has made a short term decline under the resistance red line with consolidation on 1.618 od fib @ 1.351. The daily diagram is absolute bearish.
MACD is forcing bearish under the zero line and RSI is oversold.
We have no special candlestick pattern. The price is under the KUMO, the Kijun Sen (blue line) and the Tenkan Sen (green line) too.
There is no special pattern. The fib from 1.36919 to 1.35811 shows a 2.618 level of net target @ 1.34. It must breach the 1.35126 and stabilised above it in order to change the trend.
The pair will consolidate around 1.346 until it test lower levels. Short for 1.34. Stop loss above resistance line.
