Macd divergence is telling a different story within EUR/USD price action. As price is moving up along this beautiful trend line macd is making a lower high! Also if we take a look at weekly pivot points its obvious the weekly central PP is acting as resistance, will we get a continuation? As far as currency correlation let see what the other pairs have to offer
. Lets take a look at GBP/USD the euros little brother. I pulled the trigger on this trade late in the US session based on the andrews pitchfork in blue. But wait? This is one of those ah-hah moments; the gbp/usd is at the top of its pitchfork, the euro is showing hardcore macd divergance...hummm makes a trader wonder what might happen....
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