FX:EURUSD Euro Fx/U.S. Dollar
Interesting Divergence, Is it pullback or is it really bouncing back. It all depends on ECB. If it decides QE , nice up price for short. At this moment, none is shorting. is "infinity and beyond."
No, there is a bullish divergence only which would indicate a lower Euro. Insofar Alex is right. But these RSI divergences are very unrelieable. Depending of your prefered parameters you have bullish divergences in the daily chart for many days already. And the Euro has still been falling. You can play the upside from time to time, of course, but pay attention to the still prevailing downtrend.