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.
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