FOREXEL

EURUSD Down trend intact but also Bullish Divergence showing

FX:EURUSD   Euro Fx/U.S. Dollar
162 1 8
EURUSD             , the Down trend is still intact, just see how the MAs are lining up but now we also have a Bullish Divergence showing with the sideways movements we want to see before a possible breakout to the upside. I will do short term trades as long as this pair continues to range between major support at the1.2505 area and the resistance at 1. 2800             .

I will watch this pair closely for a possible breakout to the upside all the way up to the 1.30 area and hope that Draghee continues to dissapoint this week along with some Dollar corection
Successful trade but will take profit here. Have been in it way too long already and I think the Euro will take another beating shortly
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