EUR/USD Bullish Divergence

2 min read
Davinwu

Davinwu

Forex broker

Dear Traders,

The EUR/USD has formed bearish divergence, with price talking at D H5. A bearish divergence happens when price makes a lower high while the oscillator makes a higher high.

POC zone is 1.1016-1.1026 [D H5, 7/8, ATR Projection High]. Should we see a bearish rejection from this zone, targets will be 1.0986 [D H3, 4/8] and 1.0955 [D H3, 2/8], eventually reaching 1.0934 [D L4, W H3, 1/8, previous swing low] levels if volatility and momentum holds.

For divergence to remain stable, price should not close above 1.1105 W H3 Level.

The analysis has been done with the
CAMMACD.MTF template.
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Many green pips,
Davin Wu

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