Irational EUR/USD

EUR/USD just broke what we believed is the parallel channel, in pink. Could be false break, but we got too many false breaks lately...

Now the blue channel is in play, and we assume we have top formed.

Some of the figures (not shown) may be looked as bearish wedges (bullish for USD).

RSI and MACD give bearish divergenses on 1 hour and 4 hours chart. Daily chart is bearish for a week or two.

Gold which is important indicator for me made new high - $845, but was not able to hold there.

So we will see.

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