Possible long trade on EURUSD with MACD Divergence

This looks like it gearing up for a push long. We can't say for certain whether the dollar is in retreat yet but we could at least see it travelling sideways for a while within the corrective structure it's been in for the past month or so. Given what happen the last time the Fed hiked rates I doubt they'll be in a hurry to repeat that unless we see some inflationary figures coming out of the US. Given the drop off in MACD and what appears to be a bottoming of the latest push down on EURUSD I am looking for a long entry set up on this pair today and possibly Monday.

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Steve Nixon
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Comment:

Sorry folks I forgot to put any information on the chart

Comment:

Still waiting for this to break long. Do not get involved until it breaks and gives us an entry set up. This could still push lower Remember if/Then If it breaks long then we look for the set up