tomasz.goljan
Long

EUR/USD Bullish Divergence

FX:EURUSD   Euro / U.S. Dollar
Just to note at start, that's obvious COUNTER trend scenario and it's considered to only be an corective move towards critical ressistances that lay around 1,349-1,351 levels. As long as 1,342 level holds we might be able to enter an long trade from current levels with 1,347-8 as an possible target just below the critical downtrend ressistance zone. As the main scenario would be to sell any rally as long as EUR/USD is capped by 1,349-1,351 level. There's also an Bullish Divergence present on multiple time frames (30m, 1h, 4h) which might be an decent entry signal. There's also on posibility that European Union sanctions towards Russia which should be presented today might be as soft as usual and that should provide an boot to Euro Zone currency. That trade idea is valid for next 24h and should not be traded during tomorrows risk events (USA Q1 GBP Figures, FOMC meeting and Euro Zone Inflation report)
As noted above that's an counter trend Idea and it contains quite big chunk of risk due to that. It might still be valid as there's still plenty of Divergences present on multiple Time Frames and I'm not so Dolar optimistic about todays data. But won't trade that one as that might be the day We should rather sith on our hands or scalp few pips here and there. Not the best enviroment to get engaged with any ideas that might need few day to make an swing.
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