The 4 hourly chart of the EUR/USD pair shows significant divergence, The Momentum indicator, suggesting the pair may soon face a corrective decline. In the shorter-term, the 4-hour chart indicates decreasing buying interest but is far from suggesting an upcoming decline. For now, we can look for a nice 5% drop to support levels around 1.15XXX. However, on the bigger picture, I anticipate the EU hitting 1.28XXX levels after finishing the upcoming correction from 1.15XXX
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.