RSI Divergence for EURUSD
Burc Oran
January 8, 2021
EURUSD Daily Chart
EURUSD | Daily Chart

A sell signal is coming from RSI for EURUSD. As EURUSD is moving near the white trend line, the upward move began to slowdown showed signs of weakness. After that, an RSI divergence is formed just like August and now EURUSD is below the short-term trend, 1.2250. If downward moves continue for the rest of the day EURUSD may target 1.20 in the coming weeks.

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