Hey guys,
Yesterday's close was important for the pair and suggests that it could have reached a top at 1.25.
This level has been tested many times unsuccessfully and RSI DAILY and RSI WEEKLY show a bearish divergence.
Besides, we have a bearish engulfing candlestick on the daily.
Fundamentals (Italian elections to come in early March + Brexit) also suggest that EURUSD could fall hard in the coming days.
Cheers
Jesse
Yesterday's close was important for the pair and suggests that it could have reached a top at 1.25.
This level has been tested many times unsuccessfully and RSI DAILY and RSI WEEKLY show a bearish divergence.
Besides, we have a bearish engulfing candlestick on the daily.
Fundamentals (Italian elections to come in early March + Brexit) also suggest that EURUSD could fall hard in the coming days.
Cheers
Jesse
Note
Check out volume... Last week was the most important week since a long time in terms of volume. And the weekly candle was bearish.
This can also give a good indication that price will reverse.
Note
I am convinced these levels will not hold and expecting a drop in the days to comeNote
Note
Trade closed: target reached
The idea was published on the 17th of February, I was already bearish on EUR/USD and bullish on USD/CHF.
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Related publications
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.