EURUSD multiple Cycle_Swing divergences:
Blue line 3 bearish divergences
Purple line one big bearish divergence
Green line hidden bullish divergence.
Quite bearish overall if You consider that UTL holds so far.
1.4350 the most important level for more down move.
If Merkel/Sarkozy will not deliver, expect sharp move downward as FA&TA combo.
Short @ 1.4410
SL @ 1.4420 due to August.
TP open
I will sell more if price goes higher like 1.4435 - 1.4460
Cheers,
Seb
Blue line 3 bearish divergences
Purple line one big bearish divergence
Green line hidden bullish divergence.
Quite bearish overall if You consider that UTL holds so far.
1.4350 the most important level for more down move.
If Merkel/Sarkozy will not deliver, expect sharp move downward as FA&TA combo.
Short @ 1.4410
SL @ 1.4420 due to August.
TP open
I will sell more if price goes higher like 1.4435 - 1.4460
Cheers,
Seb