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EUR/USD has not gone anywhere for quite some time. Obviously we are in a corrective pattern, which is a triangle. No matter how you are going to label this chart, the next move is clear. Let’s look at intraday chart first.
In 1h chart of EUR/USD there is a clear divergence between tops. As you may know, MACD is copping the price and react to it relative to prior price data. That is not mean the price will go down because there is divergence, because price also could go sideways and we can see t…
In 1h chart of EUR/USD there is a clear divergence between tops. As you may know, MACD is copping the price and react to it relative to prior price data. That is not mean the price will go down because there is divergence, because price also could go sideways and we can see t…