The EURUSD Could Be On The Verge Of Another Tumble

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The Euro could finally be signalling that it is running out of momentum which means a tumble could be coming in the near future. Specifically, a possible divergence and Gartley pattern could see the EURUSD take another plunge back to the 1.1249 mark. Moreover, important EU and US indicators are being released this week which could send the pair into free fall again. Firstly, looking at the H4 chart there is some evidence that a divergence could be occurring. As shown, there are demonstrable

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