EURUSD Trend Reversal?

2020-01-08 13:45:31

EURUSD is failing to close under broken resistance trendline which may validate the resistance trendline break. Potential trend reversal opportunity here.

RSI and MACD is holding up the bullish divergence.

---------- Chart Drawings ----------

Blue Dotted Line: Broken Support Trendline
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Blue Rectangle Box: Support Level
Red Rectangle Box: Resistance Level
Blue Arrow Line: Bullish Divergence
Red Arrow Line: Bearish Divergence
Red Shade Box: Suggested Stoploss by our algorithmic system
Green Shade Box: Suggested Stoploss by our algorithmic system