I'm paying dearly shorting the EURUSD but I find the chart very interesting.
1. Price is extremely overbought with CCI reaching its most overbought level going back as far as I can on TV.
2. RSI is approaching overbought.
3. MACD momentum showing price has still some way to go.
4. Price busts out of long term monthly resistance.
All in the backdrop of easing European monetary policy.
Amazing.
1. Price is extremely overbought with CCI reaching its most overbought level going back as far as I can on TV.
2. RSI is approaching overbought.
3. MACD momentum showing price has still some way to go.
4. Price busts out of long term monthly resistance.
All in the backdrop of easing European monetary policy.
Amazing.