EURCHF - Momentum Divergence preceding retracement?
Updated
EURCHF has had a recent runup and has made a large excursion from the major Moving Averages. The tendency is to retest them after a prolonged deviation away.
The recent needle top indicates some exhaustion by the bulls but wait for a confirmation of trend line breaks before going short.
The recent needle top indicates some exhaustion by the bulls but wait for a confirmation of trend line breaks before going short.
Trade closed: target reached
Consolidation occurring which could precede a reversal if lower support continues to be respected
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