Weekly Chart:

After another long bearish weak we started this weak bullish. RSI is in oversold zone and is still going down. It is at 12. Trixes are both red and are about to cross for bearish signal. It looks like this week could be as well bearish.

Daily Chart:

Strong bearish trend. RSI is going down fast and is already at doors of oversold zone. It is at 20. Both trixes are red and just about to cross which as well give strong bearish signal.

4 Hours Chart:

Bearish trend. RSI is for long time in oversold zone and is trying to find a way out. At this moment it is at 25. Trixes are both green and are just about to cross and give us bullish signal.

Hourly Chart:

Very strong bullish trend. RSI is really going up fast. It is already in overbought zone at 81. We had 2 green bullish divergences and both trixes are green and going up fast.

Weekly Fibonacci Pivot Line is at 1,29650 and we are at this moment below it.

Weekly Support Lines:
1,29077
1,28481
1,27953
1,27403
1,26830
1,26256

Weekly Resistance Lines:
1,30178
1,30728
1,31301
1,31897
1,32425
1,32975

Plan:
Big charts are in new bearish swing, but small charts show some signs of bullish movement. So this can be both, bearish or bullish trend. But since we are going down and there are no huge support lines we could be going more down.

Weekly Charts:

Very strong bearish trend. Last 4 weeks were bearish weeks. RSI is 21 and is going down. It is going to enter in oversold zone. Trixes are both red and are about to cross over.

Daily Chart:

As well very strong bearish trend. RSI is going down and is now at 29. Both trixes are crossed and both were green for some time. But now fast trix is changing color to red. Slow trix is still green.

4 Hours Chart:

Bearish trend. RSI is high but is going down. It is at 35. Trixes are both green and are going up. But price action is not moving in any direction.

Hourly Chart:

Neutral trend. RSI is moving up after checking doors of oversold zone and it is at 42. We have red bearish divergence and both trixes were red. But now fast trix is changing color to green.

Weekly Forex Pivot Line is at 1,30716 and we are deep below it. So expect some bearish movement.

Weekly Support Lines:
1,30114
1,29497
1,29049
1,28586
1,27984
1,27367

Weekly Resistance Lines:
1,31179
1,31627
1,32244
1,32846
1,33309
1,33757

Plan:
Trade smart. This is first week in 2012 year and we will see if Euro can come back up or we will be still going down. So far this trends and pivot line are indicating we will be going bearish.

Weekly Chart:
We had 3 bearish weeks in a row. Last week was not so big bearish week. RSI is down at 25. It is going towards oversold zone. Trixes are both red and are about to cross. They are going down. We as well had failed green bullish divergence.

Daily Chart:
Some neutral trend. RSI is stable and not moving anywhere. At this time it is at 35. Trixes are both green. They are crossed and are moving up.

4 Hours Chart:
Bearish trend. RSI is going down. At this moment it is at 34. Trixes are both red , but fast trix is now changed to green. We had red bearish divergence.

Hourly Chart:
Bullish trend. But RSI is going down. At this moment it is at 36. Slow trix is red and is going down. Fast trix is green and is about to cross over slow trix,.

Weekly Fibonacci Pivot Line is at 1,31221 and we are at this moment moving few pips below this line at 1,30560.

Weekly Support Lines:
1,29922
1,28623
1,27738
1,26853
1,25554
1,24255

Weekly Resistance Lines:
1,32106
1,32992
1,34231
1,35530
1,36415
1,37301

Plan:
Last week was not so strong bearish week and maybe this is indicator that this week we will have bullish movement. Crisis in Europe is maybe over or at least trend have change and Euro can really get stronger.

Weekly Chart:
Very strong bearish trend. Last week was big bearish week. RSI is going down and is near oversold zone. RSI is at 25 and is still going down. Trixes are red and both are going down. They are about to cross.

Daily Chart:
Very strong bearish trend. But RSI is trying to get out of oversold zone. It is going up and at this moment it is at 29. Trixes are in red color and are crossed and heading down.

4 Hours Chart:
Bearish trend. RSI is heading down after checking overbought zone. At this moment RSI is at 40. We just got red bearish divergence signal. Slow trix is still green and heading up, but fast trix ix in red color and swinging back down.

Hourly Chart:
Already neutral trend. RSI is going up very fast after touching oversold zone. Slow trix is for really long time in red bearish movement. Fast trix several times try to go above slow trix but failed. Right now fast trix is green.

Weekly Fibonacci Pivot Line is at 1,33821 and we really drop heavy below it at 1,30071.

Weekly Support Lines:
1,33300
1,32780
1,32290
1,31770
1,31280
1,30760

Weekly Resistance Lines:
1,34337
1,34836
1,35357
1,35856
1,36377
1,36877

Plan:
Well it looks like we are really heading down and at this moment i m not sure where is the stop line for Euro weakness. So be smart and follow trend even if we are already low.

Weekly Chart:
Once again we are in bearish trend. RSI is slowly going up and it is at 37. Trixes have failed green bullish divergence. And now are back in red color and are moving in parallel way.

Daily Chart:
Bearish trend and RSI is going slowly up. At this moment it is at 47. Trixes were in green bullish divergence but that divergence is over now because fast trix is changing color to red. Slow trix is still green.

4 Hours Chart:
Strong bearish trend. RSI is going down and it is at 41. As well on this chart we have failed bullish divergence. Both trixes are now red and are very close to each other.

Hourly Chart:
Very strong bearish trend. RSI is very fast moving down. It is already near oversold zone at 23. We have strong failed bullish divergence. Trixes didnt even change color to green. Both are going down and are red.

Weekly Forex Pivot Line is at 1,33977 and at this moment we are moving around that line.

Weekly Support Lines:
1,33215
1,32479
1,31793
1,31108
1,30346
1,29609

Weekly Resistance Lines:
1,34662
1,35348
1,36110
1,36846
1,37532
1,38217

Plan:
It looks like crisis in Europe is still going on. Euro is loosing strength every day. Really dont know what to predict at this moment.

Weekly Forex Chart:
Last week was bullish and this week started with small bullish moving as well. RSI is moving up and it is at 36. Trixes are both red and are not moving down. They are moving in parallel way. As well we had failed green bullish divergence.

Daily Chart:
We are kind of low on chart and we have RSI going down. RSI is at this moment at 46. We have 3 green bullish divergences and trixes are crossed and both are green. This is very strong signal for bullish movement.

4 Hours Chart:
Neutral trend. RSI is moving down and it is at 39. Trixes are crossed and both are red. They are going down and we have red bearish divergence.

Hourly Chart:
Bullish trend. RSI is moving up on this chart. It is at 52 at this moment. Trixes are crossed and both are green and moving up.

Weekly Fibonacci Pivot Line is at 1,33384 And we are now above it. Not much above but we are above.

Support Lines:
1,32234
1,31083
1,30460
1,29813
1,28663
1,27537

Resistance Lines:
1,34007
1,34654
1,35805
1,36931
1,37578
1,38201

Plan:
We are very low with price and we should be looking for this trend change. Euro zone is in trouble but they are working hard to find solutions for they problems. And i believe we will not go so much down. We will probably not hit magic mark of 1.2xxxx

Weekly Forex Chart:
Strong bearish trend. RSI is at 25 and is going down. It is near oversold zone. Trixes are crossed and both were green and as well we had green bullish divergence. But fast after that both trixes changed color to red.

Daily Forex Chart:
Very strong bearish trend. RSI is deep in oversold zone and it is at 15 and still going down. Slow trix is red and still going down while fast trix is trying to change to green and cross over slow trix. As well we have 2 green bullish divergences.

4 Hours Chart:
Bearish trend. RSI is going up very fast. It is at 52. Trixes are crossed and both are green. They are going up and we have green bullish divergence.

Hourly Chart:
Bullish trend. We see that RSI is jumping up and down and at this moment it is at 43. Fast trix is in overbought zone and have turned into red and gave red bearish divergence. Slow trix is still green and moving up.

Weekly Pivot Forex Line is at 1,35835 and we are deep below it at 1.32829.

Weekly Support Lines:
1,34693
1,33579
1,32759
1,31939
1,30826
1,29683

Weekly Resistance Lines:
1,36626
1,37446
1,38589
1,39702
1,40522
1,41343

Plan:
There are lots of rumors going on about Euro to fail even more and reach extreme zones. But i don’t think this kind of black scenarios will happen. Remember that same speculations were going on for US Dollar few months ago and look how strong US Dollar is now. So don’t be afraid and trust in Euro.

Weekly Chart:
We are in a decent bearish trend. RSI is rapidly going down and it is already at 34. We have green bullish divergence and trixes are crossed. Both of trixes are green. But fast trix is trying to change color to red.

Daily Chart:
As well decent bearish trend. But today we are already having bullish movement. RSI is going up and it is at 41. Slow trix is red and is still going down. But we have 2 green bullish divergences and fast trix is changing color to green.

4 Hours Chart:
Neutral trend. RSI is moving down and it is already at 53. We had green bullish divergence and both trixes were green. Slow trix is still green and going up, but fast trix is changing color to red.

Hourly Chart:
Strong bearish trend. RSI is slowly going down and it is at 49. Slow trix is red and is going down. But fast trix is green and is slowly going up.

Weekly Forex Pivot Line is at 1,36936 and near it is as well Monthly Pivot Line at 1,37075.

Weekly Support Lines:
1,36128
1,35320
1,34261
1,33202
1,32393
1,31585

Weekly Resistance Lines:
1,37995
1,39054
1,39890
1,40698
1,41757
1,42816

Plan:
Since we are in bearish trend we should be looking for entering short. But wait for good entry signals, week just started and things can easily change into bullish.

Weekly Chart:
Weak bearish trend. RSI is going down and It is already at 44. We have green bullish divergence and both trixes are crossed. They are in green color and are moving up.

Daily Chart:
Almost neutral trend. RSI is heading up after touching oversold zone. As well on this chart we have green bullish divergence. Slow trix is still red, but fast trix is swinging back up and is green.

4 Hour Chart:
Neutral trend on this chart as well. Rsi is high in overbought zone at 86. Trixes are crossed and are green. We had green bullish divergence. Fast trix is near overbought zone.

Hourly Chart:
Neutral trend as well. RSI is now at 60 and is going down. But it was in overbought zone. Trixes are crossed in overbought zone. W have red bearish divergence. Both trixes are red.

Weekly Fibonacci pivot Line is at 1,38556 and our price is moving just few pips below it.

Weekly Support Lines:
1,36978
1,35401
1,34170
1,32993
1,31362
1,29784

Weekly Resistance Lines:
1,39786
1,41017
1,42594
1,44140
1,45402
1,46633

Plan:
As we see, we have neutral trends on many charts. And when trends are neutral it is better to wait and not trade. Wait for clear trend and then enter a trade.

Weekly Charts:
We see that our last week was bearish, after 3 bullish weeks. Our RSI is going down and is already at 46. Trixes are just crossed and both are green. They are heading up. As well we have green bullish divergence.

Daily Chart:
On daily chart we see that we are once again in some weak bearish trend. RSI is going down and is 42. Trixes were crossed high at overbought zone and turned red. Both are still red and going down and we did have 2 red bearish divergences.

4 Hours Chart:
Very strong bearish trend. RSI is going down and it is already at 43. Slow trix is green and is going up, while fast trix is red and is going to cross slow trix.

Hourly Chart:
Very strong bearish trend as well on this chart. RSI is slowly going up and it is already at 48. Trixes were crossed and both were green. But now fast trix changed color to red and is going down to cross over a slow trix which is still green.

Weekly Fibonacci pivot line is at 1,40612 and we have cross down that line and are moving below that line now.

Weekly Support Lines:
1,39700
1,38789
1,37493
1,36161
1,35249
1,34338

Weekly Resistance Lines:
1,41943
1,43275
1,44186
1,45098
1,46394
1,47726

Plan:
We went under our Weekly Fibonacci Pivot Line and it looks like we will stay under. Since our charts are giving bearish trends, that only gives a strong believe we will still go down.