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Sunday, April 16, 2017

EUR/USD Bearish Divergence Creates Bullish Break above 1.06

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The EUR/USD is finally breaking above the resistance trend line (dotted red) after having built divergence between the bottoms (purple line). This bullish breakout could spark a retracement within wave 2 vs 1 (green). The EUR/USD built a corrective ABC …

The post EUR/USD Bearish Divergence Creates Bullish Break above 1.06 appeared first on ForexTV.

April 16, 2017 at 09:22AM

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from EUR Editor

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