Spyridon

Divergence on EURUSD

Short
FX:EURUSD   Euro / U.S. Dollar
EUR speculative position has been at extremes and USD has been oversold. We also got a completed DeMark setup indicating a possible reversal. Today the market was expecting the Fed to be a bit dovish, instead they signaled they were staying the course and GDP expectations even increased. Im expecting dollar to recover and Eur to sell off.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.