Interval: H1
After a very strong move, triggered by the optimism that Mario Draghi had during the press conference, the EURUSD, seems to have taken a break.
It consolidated in a rectangle pattern, and it has a good probability to break under the support. A negative divergence we can see on the 24 RSI, meaning a possible reversal.
The confirmation level of this setup is 1.3245, the target 1.3288 (38.2 Fibonacci retracement) and the stop loss at 1.3300.
FX:EURUSD Trade Setup Negative Divergence by Razvan Mihai