Euro / U.S. DollarUpdated EURUSD Down Then Up Daily Chart
Bullish divergence on MACD, so should be close to a bottom, but I am not satisfied with taking a long position yet until we are closer to 1.134 and below to possibly sub 1.13 then should be a nice bounce towards the upside towards 1.161 with some retracements inbetween.
Note
4h chart is probably a little easier to view it.
Note
A breakdown below 1.135 has occurred.Note
Dropped below 1.13 level but still has more to go, perhaps 1.12 level before we see a serious bounce
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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.