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BoneTrader
3 jun 2014 09:02

Divergence on EURUSD W1 Kort

Euro Fx/U.S. DollarFXCM

Beskrivning

On a weekly chart we see divergence between price chart and Awesome Oscillator. EURUSD has already started its falling and AO still shows positive value. It means that price will continue to go further towards 1.35 level, which is also 38.2% Fibonachi level. Although there might be correction for the pair this week, so limit short order @ ~1.3695 with stop @1.3750 and take @1.3505 seems quite realistic.
Mer