1) Looking at a bigger picture EUR/USD Daily Chart shows pair within the vicinity of 0.382 Fibonacci Retracements Levels (most likely) caused by traders taking profits & selling the pair.
2) EUR/USD Daily and 4-hour chart/s show Hidden Bullish Divergence indicating underlying strength. Good entry or re-entry that occurs during retracements in an uptrend. Nice to see during price retest of previous lows. "BUY the DIPS".
2) EUR/USD Daily and 4-hour chart/s show Hidden Bullish Divergence indicating underlying strength. Good entry or re-entry that occurs during retracements in an uptrend. Nice to see during price retest of previous lows. "BUY the DIPS".
Trade active
4-hour Chart still shows Hidden Bullish Divergence 4-hour chart = 54% Bullish EURUSD
Daily chart = 60% Bullish EURUSD
Weekly chart = 71% Bullish EURUSD
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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.