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EURUSD MACD fails to challenge recent highs - Forex Inventory

  • Writer: Charles David
    Charles David
  • Jun 19, 2017
  • 1 min read


EUR/USD could be facing downside pressure as its MACD failed to test recent highs. A bearish divergence between EUR/USD spot behavior and the MACD over the last few weeks suggests downside vulnerability ahead. Further, the MACD line crossed below its signal line on a 4-hour closing basis, an event that can be interpreted as a bearish omen. 

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