EURUSD on bearish divergence, potential drop ! for FX:EURUSD by FXCM

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EURUSD is on bearish divergence, and we could see potential drop !

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Comments

Hello,
The EURUSD has been on the very high rise for more than 2weeks and so what's the assurance that there will be a potential drop and for how long do you think that will be possible?
Hope to hear from you soon

Regards,

donatemowo

@donatemowo, hey there! we have identified a bearish divergence but the bearish divergence didn't last long enough. We think part of the reason being the second high is not really a close level but a spike up. So this bearish divergence didn't turn out very well.

FXCM

@FXCM, thanks for the info!