There are record numbers of EURO shorts and looking at the DAILY chart of EURUSD we can see some positive divergences building ..POSITIVE DIVERGENCE between PRICE and RSI.
This is when the PRICE reaches a NEW LOW, but the RSI doesn't
This is highlighted on the chart (first circled area) and the current situation in the 2nd circled area.
On the EURJPY the divergence is clear on the WEEKLY chart each time generating a short squeeze rally.
Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
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Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.
— Marcus Aurelius
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