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

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FOREXEL
2 years ago
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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