As you can see on the chart, the pair is currently on its fourth retest of this key resistance level. If we drill down on the Daily chart, the most recent candlestick is a doji which shows indecision.
However, if we look at the stochastics and the RSI, both are going to the overbought areas. With the addition of a key resistance level, these signals are quite significant.
If we go up to the weekly chart, both indicators say the same story.
However, if we look at the stochastics and the RSI, both are going to the overbought areas. With the addition of a key resistance level, these signals are quite significant.
If we go up to the weekly chart, both indicators say the same story.