There's a and even better a possible or a higher
There's divergence on H1, not on H4
We have a dark future cloud which is
Overall EURUSD is and is trying to break this level with a TP around 1,13 levels.
With all this info, I think the EURUSD will continue to move in the 1,90 area trying to go higher but with a lot of break down risk.
On H1 divergence combined with the , it hit 50% of the fibo retracement. If the market give's a push up to complete the first right shoulder of the we may fall.
The other possible way I see is, if pair does not push higher and does not complete the first right shoulder it will make a correction down before the next rise UP with as target the .
This will complete the second possible right shoulder of the then probably fall down.
(note: the bar has to touch or break the 618 but has to close below the 618 !).
If the price closes above the , this can lead to a higher before falling down. In this case have no idea what will happen. After closing above the 618 it may correct down before the next rise or it can shoot up to complete the . In this case target is 1,10. Once there's a the pair can drop down deep but it can also just make a correction before the next rise.
Strict important: I am not a professional trader. This is just my point of view and my prediction can be completely wrong !
Trade safe and trade always your own plan. This information is only for educational purposes and may not be considered as trade advice. GL !
This is the worse than I expected. It's going to hit 78,6 and extreme 88,6
Then retracement down, will it break deep? It can also bull to 1,10 that's the target now. Better to stay out. Good EU numbers can push it higher but how long will this excitement remain? Let's see if it's drawing a double top. Then it will probably be possible to predict if it will break or continue the bullish movement with as target 1,13
Bullish traders where right. How much down?