EURUSD is moving in a very strong downtrend and is creating a bullish divergence in the daily MACD time pattern. Due to the rejection of the price in the lower time frame and the beginning of the downward rally, there will be a possibility of a fall and then its recovery.
Note
The market is showing resistance to the downside, but the trend is currently negative and I remain short.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.