It has been a long time did not update any analysis, due to the peak divergence of MACD on weekly chart, the next move is the bottom MACD divergence on daily chart .
Entry the trade when price break down the 40 EAM on 15M chart, the exit time is when bottom divergence of MACD appears on 1H chart.
The market did not give us the chance to trade, wait for next day, also short perspective.
The short order should be activated at 1.23780, and let see when to closed the position
EU is still on the way going down, just keep your patience to wait.
Trade closed manually:
MACD shows the bottom divergence, the orders should be closed, let us wait for next wave.
The Medium target target is MACD bottom divergence of 4H chart.
Price rally, please be aware of the MACD divergence on 30M chart, after it shows, we can expect another decline chance will come. So when price confirmed fall below the 40 EMA on 15 chart, just open an short order.
The price did not keep rising, so let us see how the price react when the price reach the down side of the 40 EMA on 15M chart.