The EUR/USD is in the topping out process

Forexmentor.com Forex Trading Price Action

Today, we’ll discuss the euro. The weekly chart is showing both forms of divergence, and a topping-out process with respect to price action. MACD on the 4 hour chart is trending down towards the waterline. And, today we had a downtrend continuation pattern unfold on the 15 minute chart – price declining to the M1 level on an M1/M3 day – M1 being the expected low the for day.

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