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FX:EURUSD Trade Setup Negative Divergence

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