On the hourly chart we could see a weakening trend as evidenced by the tapering towards each other Bollinger Bands. Today, moreover, it has broken the 20-period moving average, which is part of their composition, which may mean a change in sentiment.
In addition, higher highs coincide with lower highs on the RSI indicator, which gives us bearish divergenc. Therefore, it seems that there may be declines as the price is already at the outer band indicating downward trend.
Test account with a broker binary options uTrader! Click here to invest
Binary options broker uTrader offers a return. If you win your account will increase by a percentage of the invested amount. If you lose, regardless of the size of the defeat, you never lose more than you bet.
