Hi Traders,
As we all know EURUSD is at around 1.23 level now.
However I do see there is some hidden divergence on it currently and there is a high chance it will be a downtrend this week.
Attached is the chart on 1hour chart.
Im expecting a down ward move of about 50pips and if a strong move, it could reach 80-100pips.
Let's see how it turns out this week.
As we all know EURUSD is at around 1.23 level now.
However I do see there is some hidden divergence on it currently and there is a high chance it will be a downtrend this week.
Attached is the chart on 1hour chart.
Im expecting a down ward move of about 50pips and if a strong move, it could reach 80-100pips.
Let's see how it turns out this week.