FxWirePro
Short

EUR/USD:Bearish divergence and 161.8% retracement

FX:EURUSD   Euro Fx/U.S. Dollar
685 8 26
Major resistance -1.14265 (161.8% retracement of 1.13925 and 1.13384)

The pair has broken major psychological resistance 1. 1400             and made fresh four-week high around 1.14154 at the time of writing. It is currently trading at 1.13968.

On the higher side resistance is around 1.14265 and any violation above will take the pair to next immediate resistance 1.1450/1.148 (261.8% retracement of 1.13927 and 1.13384)/1.1500 in the short term.

The EUR/USD             support is at 21 day 4HMA -1.13680 and breaks below targets 1.1320/1.1300/1.1270 (90 4 H EMA).

In 4 hour chart both CCI (50) and RSI (14) is showing bearish divergence. So mild correction till 1.1320/1.1300 is possible.

It is good to sell on rallies around 1.1405-1.14100 with SL around 1.1450 for the TP of 1.1325/1.1300
AhmetAlperOzen
5 months ago
I think it should be bearish divergence. Am I wrong?
Reply
SSSDEV
5 months ago
fxwire pro , this is nicely done and your know your job and the MAs are the proof, good luck
Reply
PCTradeKop
5 months ago
SHORT broken channel...
snapshot
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FxWirePro PCTradeKop
5 months ago
nice one
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PCTradeKop FxWirePro
5 months ago
Thanks. There is a bigger channel on D chart. Look out for it.
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PCTradeKop FxWirePro
5 months ago
snapshot
Reply
PCTradeKop FxWirePro
5 months ago
sorry this one is clearer...
snapshot
Reply
FxWirePro PCTradeKop
5 months ago
Good one .S there is chance t odecline till 1.1275
Reply
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