12 Hour Chart shown
The Euro is an regression channel and so is the RSI both going opposite directions.
This a big triangle that the EURO is in - using the (1) line of the Fib, also the mid-line of the triangle - so this could be considered a double top as well, and this case the target.
AUDUSD offers similar prospects, USDCAD already on the move.
Divergence in the DXY is similar.
Note
Sweepers this morning expecting new low to takeout all longs.Note
Updated - ideal entry is about a cent lower - see lower chart
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.