EUROPE50 STOXX Index SHORT - divergence and momentum resistance
After the sharp rise it has slowed down and we can see more bearish bars on the chart. This has also created a divergence on the RSI. The loss of momentum has established a momentum resistance around 65 on the RSI which price doesn't seem to be able to push through and the 9EMA on the RSI has caught up with the signal line.
All this suggest a technical reversal which maybe will re-test the MA200 support.
All this suggest a technical reversal which maybe will re-test the MA200 support.
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