EUR/USD – Bearish divergence on hourly chart

OANDA:EURUSD   Euro / U.S. Dollar
Hourly chart


1.1049 (50% fib of Oct fall)
1.10 (5-DMA)
1.0950 (10-DMA)


1.1095 (61.8% fib of Oct fall)
1.1127 (50-DMA)
1.1180 (200-DMA)

Comments – The bearish divergence on the hourly chart could yield a minor corrective move to 1.1049-1.1020, although the overall trend remains bullish as long as the currency pair is above 1.10 handle.


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