BakiShirzadi

EUR/USD short-term technical outlook

Short
FX:EURUSD   Euro / U.S. Dollar
The 4 hourly chart of the EUR/USD pair shows significant divergence, The Momentum indicator, suggesting the pair may soon face a corrective decline. In the shorter-term, the 4-hour chart indicates decreasing buying interest but is far from suggesting an upcoming decline. For now, we can look for a nice 5% drop to support levels around 1.15XXX. However, on the bigger picture, I anticipate the EU hitting 1.28XXX levels after finishing the upcoming correction from 1.15XXX
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