Trading news

EUR/USD hidden bullish divergence at 88.6 fib


 

The EUR/USD has dropped to POC zone on 4h time frame which is still showing uptrend. August trend line is making an X cross ™ with H3 camarilla and weekly pivot point suggesting a possible retest. Daily bearish candle could use some retracement to the upside based on a direct drop on Friday. POC zone (88.6, trend line) is supported by hidden bullish divergence so the zone 1.1145-1.1166 could spike the price to the upside targeting 1.1200 and 1.1225. If the divergence fails and the price drops below 1.1115 we could see 1.1080 followed by 1.1050 and 1.1020.
Only if the price breaks 1.1225 the door towards 1.1280 will be open.

Monday, 19 Sep, 2016 / 11:40

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Source : http://www.admiralmarkets.com/analytics/technical-analysis/

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