EUR/USD D1 chart trend is bearish. EUR/USD closed at 1.05430 on Friday. After several days of consolidation, the MACD indicator’s bearish volume finally broke above the signal line, and a strong decline is imminent. On the other hand, the RVI indicator formed a death cross below the 0 axis. The RSI indicator is helping to push prices further down. This is a good time to enter a short position.
The double-line MA in the H1 chart formed a death cross and the decline continued. The MACD indicator is also in a downtrend and the bearish volume has also broken above the signal line and is below the 0 axis. The trend is still bearish.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
