Bearish Divergence seen on 60min chart
Two entries all information on chart.
This is my own view and is not any form of advice for trading, please yrade safely and at your own risk. I wont be held responsible for your account if you loose or make money.
EURUSD We can see clearly that this minor support is holding and this zone is showing bullish implications.
I'm seeing this zone more as a buying area and i will take long position after Draghi's speech tomorrow.
Price broke thought my weekly resistance making support.
It looks to be retesting and is being rejected by the 61.8% fib
Expecting price to go up to my monthly level.
Upper break of the falling wedge on the 1H time frame is a good entry point to go long.
From my harmonic pattern analysis, that possibly there might be a projection for shorting in the market.
If you have any questions please private message me or write it in the comments below,
Looks like we're in a bearish channel, possibly finding support at 1100 (38.2% fib retrace of previous major low at end of March) or 1060 (50% fib retrace).
Should bounce off support back to 1200 or 1220 previous resistance areas by last week of April.