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UmarAbdurRehman

EURUSD Bearish Divergence - Possible Short Trade

Short
Euro / U.S. Dollar (FX:EURUSD)  
UmarAbdurRehman Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns eurusdshort eurusdprediction eurusdforecast eurusdlong eurusdidea eurusdsignal eurusdanalysis eurusdtrade
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trendanalysis indicator chartpattern eurusdshort eurusdprediction eurusdforecast eurusdlong eurusdidea eurusdsignal eurusdanalysis eurusdtrade
EURUSD tested 1.1917 yesterday, an important level with a divergence activity on the back, market fell quite sharply, the overall short term momentum is quite strong.

If market breaks and holds below 1.1791, that opens further room to fresh sell offs towards 1.1745 & 1.1710 over the coming sessions.

Good Luck.
Comment:
snapshot
Make sure to wait for the 1.1795 level to break mentioned on the chart.
Trade active:
snapshot
EUR broke out the support.
Comment:
snapshot
Almost close to first target at 50s

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