Bearish divergence on daily MACD. Sell for medium term profit.

Short

Euro / U.S. Dollar (FX_IDC:EURUSD)

FX_IDC:EURUSD Euro / U.S. Dollar

Strong bearish divergence on MACD on daily chart has been formed. In recent years such a divergence always preceded medium term trend change or large correction. I'm selling EURUSD from this point with no SL due to very good swaps (rollovers) on short positions. Be prepared for one more spike up (so-called 'SL hunting' or 'Wash & Rinse') on Thursday, thus don't risk too much.

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