On the 4-hour chart, the main currency pair EUR/USD appears to have a Divergence between the Fiber price movement and the MACD Histogram indicator (12,26,9). This confirms that in the near future EUR/USD has the potential to weaken where the 1,0437 level will be tested, breaks and close below that level. If successful, EUR/USD has the potential to continue its weakening to the 1.0316 level, but if on its way to the target levels there is a sudden significant strengthening, especially if it breaks and closes above the 1.0492 level, then all the weakening scenarios that have been described will be invalid.
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