The euro 4 hour chart to the left, and it looks like over the last two months we have been forming a slightly descending triangle (shown in purple). Over the last few sessions we've been forming divergence with the MACD histogram as price has gone lower today with the histogram way up from a few days ago. With the triangle sloping down I would usually see this as a eventual breakout downward, but seeing as we are at support and have divergence I would possibly make a long play to try to get up to the 1.44-1.45 level before eventually looking for a signal to go short.
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