EUR/USD - MONTHLY CHART

A DIVERGENCE AT OVERBOUGT REGION...

OR A FALL IS EXPECTED IN WEEKS/MONTHS...

I'd taken this pair for linger picture view. Well then decline from 1.4535 to 0.8225 is already over. So the rise from 0.8225 to 1.3665 is the one singe impulse wave here call it is as Wave 1 or Wave A and 1.3665 to 1.2062 is the Wave 2 or Wave B and the current rally is either the Wave 3 or Wave C. To get the confirmation EUR/USD need to break the 1.3665. A break of 1.3665 will confirm that we're in the Wave 3 and not C, and the Wave 3 rise will take us to 1.4535. On Monthly RSI you can see the negative divergence at the overbought region. Even on Weekly chart you can see a huge negative divergence at overbought regions. All this Monthly and Weekly RSI divergence is signalling that EUR/USD will fall, i say it make take the big tank.