Dec 13, 2011

EURUSD Showing Reversal Sign

The divergence between the price and MACD occured in September 2011correctly signaled reversal of EURUSD. After yesterday close another devergence has been spotted. It coincides with strong support level formed from previous bottom at 1.3150. The double bottom and divergence form strong indication for trend reversal with target 1.38.

EURUSD trend reversal
Chart published by CapitalHubs on Tradingview

No comments:

Post a Comment

Leave your comment

Creative Commons License
This work with autor is licensed under Creative Commons 3.0.