magbrr

EURUSD Outlook for week commencing 12/02/2017 (Cautiously Short)

FX_IDC:EURUSD   歐元 / 美元
https://uk.tradingview.com/chart/mLSnaZvC/

Our outlook for EURUSD in the bigger picture is cautiously bearish. The pair seems to have traced or is tracing out what seems to be a large A-B-C pattern with the final leg of wave C still unfolding as shown above. However we are attentive to the clear bullish divergence on Weekly MACD as shown in chart above (red lines).



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