Our Chart Of The Day Is EUR/USD
Why We're looking at the EUR/USD Chart
Despite the recent rally on the EUR/USD, there is no denying that the EUR/USD is in a long term bear market. Price has now rallied into a previous resistance zone, and we are now looking to see if a double top pattern forms on the daily chart.
A Closer Look - The EUR/USD 1H Chart
Price has broken the immediate term bullish structure, after bouncing out of the previous resistance. The RSI has also rebounded from over extended levels, giving a strong sell signal.
