While QE in EURO is looming, Weekly Divergence occurs.

FX:EURUSD   Euro / U.S. Dollar
66 4 0
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. Bull is "infinity and beyond."
There is bullish and bearish divergence on this chart,we'll see who wins note bearish divergences is under major resistance.
alex.a 99nines
motleifaul 99nines
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.
99nines motleifaul
lol I'm very bearish on the Eu for a long time now... I'm still holding this short and have been adding to it every since
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