EUR/USD Showing Divergence

17 июл. 2020 г.

Looking at the hourly chart eur/usd is showing hidden divergence which is a continuation signal and since a lower high was set yesterday I'm looking for a possible lower high today or yesterdays high to be re-tested and price then coming down. So overall, as for the technical side what I see right now are bearish signs. Looking for data to help my trade idea there's really not much on the calendar today. Consumer sentiment is slated as medium impact so better than expected data here could help push my trade idea, housing starts and building permits will probably be a non-factor but again any better than expected numbers could be potential catalysts. As usual looking for strong price action with volume confirmation to go where the market takes me.