EUR/USD 1.0600 target hit and cleared. Possible Danger Ahead...

Mid week update on the EUR/USD trade: The target has been hit out of the descending broadening pattern and a 343 pip gain at 1.06220 has been locked in.

The EUR/USD made a very strong bullish move today which enabled an exit in the trade however, I am now keeping a very close eye on the possible bearish opportunity coming up if price begins trading around 1.07000 at that upper trend-line.

Both the MACD and the RSI are displaying a continuation divergence (otherwise known as a "Hidden" divergence") and that could spell very bad news for the bulls.

I have done some analysis on the weekly and monthly chart and it further gives me a reason that the bears could be lurking around the corner. I will include that analysis in my next weekly pre market preview video.

For the previous analysis on the EUR/USD and Stock Market down move, refer to my previous video posted.

Update you all soon.

Good Luck & Trade Safe.