EURUSD- 18Apr2022
On the weekly, EURUSD pulled back sharply on the back of dovish ECB monetary policy. Its last week candle just closed slight above 1.08060. However, it also confirmed below the channel for further downside.
On the H4, price is consolidating at the lows. However, H4 RSI is indicating negative bullish divergence where price is making lower lows but RSI is making higher highs. We should be very cautious on the downside as price could reverse any time.
This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
On the weekly, EURUSD pulled back sharply on the back of dovish ECB monetary policy. Its last week candle just closed slight above 1.08060. However, it also confirmed below the channel for further downside.
On the H4, price is consolidating at the lows. However, H4 RSI is indicating negative bullish divergence where price is making lower lows but RSI is making higher highs. We should be very cautious on the downside as price could reverse any time.
This is for personal work record purposes only, not trade / financial advise or solicitation of trade.