Daily EUR/USD trades

Quote from romik:

USD/JPY

I think there is still more upside for USD according to the daily divergence estimate of 118-119. So far there was an intraday divergence and a perhaps slightly odd looking H&S. Right now price is between a temporary S/R congestion zone 117-116.70. Yesterday afternoon's decline has gone down to 23.6% Fib retracement level and stalled.
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needs to break 117.45 now, clever I know :D
 
It's amazing how price is interpreted by different entities, like USD is up due to strong consumer data according to CNBC sources, a move up (prior to and without any fundamental data) could have been seen in a chart pattern quite a few days ago.
 
Quote from romik:

USD/JPY

I think there is still more upside for USD according to the daily divergence estimate of 118-119. So far there was an intraday divergence and a perhaps slightly odd looking H&S. Right now price is between a temporary S/R congestion zone 117-116.70. Yesterday afternoon's decline has gone down to 23.6% Fib retracement level and stalled.
More...

Looking at the 240 chart the move based on the daily BLD could be over here for USD. I am currently long EUR/USD, but with caution as daily chart looks kinda bearish, going with the hourly.
 
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