EURUSD Is Ready to Change Direction, Prepare to Short

EURUSD CHART PRICE – EURUSD DAILY

Based on the daily chart, the price of EURUSD continued to go up yesterday and tried to test the resistance level at 1.1495. From the trend of the Bollinger band, the EURUSD has been crawling on the upper band, and it expands like an open horn, which indicates the increase of the price fluctuation. MACD shows an upper weak golden cross above the zero axes, however, the whole trend is still going up gradually. RSI on the daily chart is at an overbought level of 66%. I expect to see the EURUSD go up to the next resistance level of 1.1495 then turn around to test the next support level of 1.134. 

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.