EUR/USD forms bullish divergence in MACD, targets 1.0950/1.0980 Long

Euro Fx/U.S. DollarFXCM

Description

⋅ May 26, 2015 9:42 AM

EUR/USD has formed a short term bottom around 1.0880 and is expected to show a slight bounce back till 1.0950/1.0980 inshort term.

In 4 hours chart MACD has formed bullish divergence which confirms intraday reversal ,a light jump is expected.

On the downside break below 1.0880 will target 1.0800/1.0660 in short term.

It is good to buy around 1.08980 with SL around 1.0880 for the TP of 1.0950/1.0980

Comments

No_more_Post

⋅ May 26, 2015 10:41 PM

jonuigbojr4

⋅ May 26, 2015 4:42 PM

Thank you for your analysis

Majed

⋅ May 26, 2015 3:09 PM

should we go short now ?

mesagne70

⋅ May 26, 2015 2:30 PM

STOPPED

TereMius

⋅ May 26, 2015 10:01 AM

That would be an ote short entry for the ny open right? Thanks for your charts

TereMius

⋅ May 26, 2015 10:01 AM

I mean 1.095

FxWirePro

⋅ May 26, 2015 10:02 AM

mesagne70

⋅ May 26, 2015 10:32 AM

but you say buy to 1.0950

FxWirePro

⋅ May 26, 2015 10:33 AM

No only at this level 1.08980-1.0900

pschloegl

⋅ May 26, 2015 9:59 AM

I'm riding on a bearish bat pattern, t1 filled, t2 at 1,0820 (4 hour time frame!!!).