A bit of divergence on the EURO?

Launch Chart
Chris Garas
EURUSD
·
Jun 30 2021
snapshot
There is definitely some short-term divergence on the EURO dollar as you can see on the 4HR chart.

With these market conditions it is good to start off with the D at the begining of the week but as things start to get a little confusing and choppy, the lower timeframes such as the 4HR and 1HR can help gauge an idea of what is going on.

I'm neutral at this stage.

Reason being, shorting the USD for the last year and a half is a good idea. Now that the bulls are trying to take charge of the USD is an indicator for the currencies to form a new base to work off and start trending nicely again.

Intra-day - LONG
End of Day - HOLD.

Non-farm payrolls might shine some light...