Divergence on EUR/USD

Divergence on EUR/USD

A classic reversal formation of technical analysis was formed on the EUR/USD currency pair - the price and MACD histogram divergence (H4 timeframe). At the moment the price is being traded near the local support of 1.11700. We advise you to pay attention to this situation.

If the EUR/USD quotes fix below the level of 1.11700, you need to look for entry points to the market in order to open short positions. The immediate goal for profit taking is the round level of 1.11000. In the medium term, the currency may reach the level of 1.10200.

by JustForex, 2017.06.09

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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