CitiFX Technical Strategy Research on EUR/USD charts - a triple negative divergence

Technical Analysis

Author: Eamonn Sheridan | eurusd

This is via eFX

CitiFX Technical Strategy Research notes that EUR/USD charts suggest a triple negative divergence which reflects a weakness in the uptrend at least in the short term.

"Trendline support or channel base is at 1.1754.

We would need to see a close below there and below the 55 day moving average (currently at 1.1704) before confirming any bearish break but the very near term risk is to see a pullback," Citi adds. 

No chart unfortunately - anyone like to post a chart showing triple divergence in the comments?

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