Baljit_Singh

EURUSD DIVERGENCE + APPROACHING KEY REVERSAL POINT

FX:EURUSD   Euro / Dollar Américain
The EURUSD seems to be forming a strong bearish divergence with both the MACD and the RSI. I believe this divergence will reverse after it reaches the 1.3965 - 1.4000 price range. Technicals are signaling further continuation to the upside after the bounce off the 38% retracement as well as a bounce off a new support lvl (1.3820 - 1.3780) which was previously was a strong range of resistance. The chart also appears to be forming a rising wedge which I think will turn into a bear breakout after price reaches 1.4000 or the 1.3965 multiyear high and reverse or possibly sooner depending on next weeks fundamental releases.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.