The EURUSD weekly chart shows the following signs:
The EURUSD ExRate made double top at 1.39 and Initial bias remains on the downside this week towards to the KUMO support and EMA 200 at 1.348. This is the Fibonacci projection at 0.618 from 1.28 to 1.39 at 1.348.
The MACD has given a bearish sign and the RSI too.
I expect that the EURUSD will extend the short trend until the support line that meet the SPAN A of KUMO cloud and the EMA 200 at the same point.
The EURUSD ExRate made double top at 1.39 and Initial bias remains on the downside this week towards to the KUMO support and EMA 200 at 1.348. This is the Fibonacci projection at 0.618 from 1.28 to 1.39 at 1.348.
The MACD has given a bearish sign and the RSI too.
I expect that the EURUSD will extend the short trend until the support line that meet the SPAN A of KUMO cloud and the EMA 200 at the same point.
