Thursday, June 2, 2011

Multiple bearish divergencies on #EURUSD

With the excessive range we had today (thursday) I wouldn't be surprised to see the Euro dropping for tomorrow. We have multiple MACD bearish divergences on smaller time frames (60m/30m/15m) confirmed by RSI. Therefore, I expect at least one good pullback to, at least, tuesdays low of the day.

Also resistance at 1.4519.

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