We have a down triangle pattern in Eur/Usd pair. However I believe on another sign in the divergence RSI and MACD-H so that the pair go down slightly and then breaks through the upper trend.
Anyway, we should do nothing and wait until the break happen.
Good luck.
As you see in the chart, we have a strong resistance, the support can be detected by 23.6% Fibo retracement.
After touching to a low trend line, the pair USDCHF bulls to the resistance and (high probability) break the resistance.
Happy trading :-)
As you can see in the chart, the price broke up-trend and probably is starting a new down-trend. The divergent signal also can be found in MACD-H indicator or RSI indicator.
So, what's your conclusion?
Honestly I don't believe on a new trend, in the worst case the price will break 1-5% of the main trend and then goes down.
Trade carefully your capital and good luck.
