Will ECB take any action today and bring the euro down, or will let it burst above 1.4000.
From the technical point the price has drawn a Rising Wedge which broke the down trend line. This along with the negative divergence on the 28 periods RSI give a strong sell signal. A break below the lower line of the pattern would be a good confirmation for the signal. If the ECB will take no action today then we might see a break above 1.40 and the bulls might target 1.45.
From the technical point the price has drawn a Rising Wedge which broke the down trend line. This along with the negative divergence on the 28 periods RSI give a strong sell signal. A break below the lower line of the pattern would be a good confirmation for the signal. If the ECB will take no action today then we might see a break above 1.40 and the bulls might target 1.45.
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