Vea también
EUR/USD
By the end of the week, the euro managed to reach the target level of 1.0905, which is the upper boundary of the descending price channel on the weekly timeframe.
The divergence with the Marlin oscillator suggests a reversal, but once again, a gap is interfering. This gap doesn't significantly affect the technical pattern of the reversal because it can be recouped without any noticeable impact. If the price manages to consolidate above 1.0905, the euro will continue to rise to 1.0964 or even higher.
A double divergence has formed on the 4-hour chart. Recouping the gap may not even disrupt the divergence. The first sign of a reversal is when the price moves below the Kijun-sen line (1.0853). This will likely happen no sooner than tomorrow.
You have already liked this post today
*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.