Recently, the EUR/USD pair has been trading sideways at the price of 1.1325. Anyway, according to the H1 time – frame, I found a fake breakout of the yesterday’s high at the price of 1.1363, which is a sign that buyers got trapped. I also found a breakout of the support trendline and a hidden bearish divergence on the MACD oscillator, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.1270 and at the price of 1.12015.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, the EUR/USD pair has been trading sideways at the price of 1.1325. Anyway, according to the H1 time – frame, I found a fake breakout of the yesterday’s high at the price of 1.1363, which is a sign that buyers got trapped. I also found a breakout of the support trendline and a hidden bearish divergence on the MACD oscillator, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.1270 and at the price of 1.12015.
The material has been provided by InstaForex Company – www.instaforex.com
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