EURUSD divergence on 4hr chart , possible reversal , price need to cross 1.1309 and 100Hr MA .
Comment:
1.1309 broken. next to test 1.2937 support.
Comment:
support tested next will be back up to test resistance 1.1309 , former support.
Comment:
broke 1.1293, retest it as resistance
Comment:
price now testing 200Hr MA. cross for more bearish.
Comment:
200Hr Ma broken, next to test 100Day MA
Comment:
us retail sales as catalyst for the push
Comment:
reversal is 50% thru. momentum shld carry some it down some more pips. for a break for lower low , next week FOMC is key. Should Fed signal they are open to cuts, EURUSD will rebound. if no signs of cuts, more wait and see, then potential for more down side