EURUSD Continue in Channel? or Reversal

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Euro / Dolar A.S. (FX:EURUSD)

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FX:EURUSD Euro / Dolar A.S.

trendanalysis harmonicpatterns indicator divergence rsi_divergence rsi_overbought correction long bigpips

Eu has been on the rise for sometime and will likely continue a bit further. It is very well due for a correction/reversal sometime in the near future. TDI bands are highly overbought along with some RSI downward pointing divergence. I can't remember exactly where although I do remember that EU is coming up on a fib level that would make for a perfect harmonic pattern on the monthly/weekly. Keep watching.

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