EUR/GBP – is this a short-term top?

Daily Chart

EURGBP D1 (03-25-2016 1725).png

Shows higher tops on price chart coupled with falling tops on RSI. So its a negative price RSI divergence,

However, look a the RSI. It might see a bullish break from falling trend line. Fresh long signal would be –

  • prices break above 0.7946 along with bullish break in RSI from falling trend line

Otherwise, bearish divergence means a short-term is in place at 0.7946.

 

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