|
The EUR/USD sold off slighty ahead of the ECB interest rate decision.
If interests rate stay at 2% a good probability that the EUR/USD downtrend may reverese and the EUR/USD may rally strongly. Now a double bullish divergence between price and 1-hour MACD-H.
Still a small chance that the ECB may cut rates. May cause the EUR/USD to go below support at about 1.2350.
So IMHO the best trade is to place a buy stop above the relative high. If the EUR/USD rallies you will be stopped in long. If the EUR/USD continues to fall you will not be stopped in.
Other USD pairs (e.g. AUD/USD or GBP/USD should be much the same).
|