Friday, April 5, 2013

EUR/USD looks to be close to end of run

Here's the movement in the pair...
 EUR/USD 5 min chart

 There's a negative divergence starting just as the EUR/USD hit the highs
 The Euro single currency future doesn't look bad, but it does look like its running out of momentum

The USDX has a positive divergence

We'll have to keep an eye on whether the USD starts to overpower the Euro

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