EUR/USD - Dollar Index (DXY) – Bullish Correction – Minute IV
EUR/USD is showing clearer signs of a Bearish Divergence possibly starting.
At this stage the Fibonacci Extensions are pretty much reached and another quick Swing on the up-side could pave the way for the Bearish Divergence to probably take effect at the Expanding Ending Diagonal upper line.
However, if a Bearish Breach of the lower line would occur, it could give Bears more confidence and probably move the price lower in an aggressive manner.
At this stage the Fibonacci Extensions are pretty much reached and another quick Swing on the up-side could pave the way for the Bearish Divergence to probably take effect at the Expanding Ending Diagonal upper line.
However, if a Bearish Breach of the lower line would occur, it could give Bears more confidence and probably move the price lower in an aggressive manner.
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