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