DXY defines week starting july 9 - possible divergence?
Many pairs are currently on hold waiting for the greenbacks direction in the coming weeks and month. Instead of an anticipated breakthrough of 94 level, we got a close just above after the Friday's disappointing unemployment news.
The chart shows price sitting just on top of support in a falling wedge structure. We might see a breakout upwards instead of through the support, because of the slight divergence on the Stochastic. I'm currently for confirmation on direction before taking long positions in the E/U.
The chart shows price sitting just on top of support in a falling wedge structure. We might see a breakout upwards instead of through the support, because of the slight divergence on the Stochastic. I'm currently for confirmation on direction before taking long positions in the E/U.
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Fuck me... If I could only keep to my own rules. USD turned around and I got screwed.
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DXY sitting at a pretty tough resistance zone now, let's see if it will pull back...
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Reminder to self: Divergence on the Stochastic is a fucking gold mine.