EURUSD has significantly moved up since 1st August and is rejected at the trend line started from 01st Jul. It is decisively situated in a range as per the trend lines. Based on the current indicators, there are two diferent negative divergences indicated by both RSI and MACD. Strength of the current move is weak as per ADX indicator. But due to Trump and Putin meet planned on Friday and it can move in any direction based on outcome. So be prepared for the volatality accordingly and trade cautiously.
Trade active
As expected, price BO from trendline is done and retested.
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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.