4 Hours Chart:
Bullish trend. RSI is 60 and is going down. Slow trix is green for long time and fast trix was green for long too. But now fast trix is changing color to red.

Hourly Chart:
Bullish trend. RSI is going down and it is at 45. But trixes on this chart are giving strong bearish signal. Both trixes are crossed and red and on top of that we have red bearish divergence.

15 Minute Chart:
Strong Bearish trend. RSI is at 51 and is swinging to go back up. Both trixes are green and we have green bullish divergence. But price is not going up.

5 Minute Chart:
Strong Bearish trend on this chart as well. RSI is going down and it is at 36 at this moment. Both trixes were red and crossed. But now fast trix is changing color to green. Slow trix is still red.

Fibonacci Pivot Line is at 1,39017 and we have open above it at 1,39280 but since then we are moving inside this zone between open line and Fibonacci pivot Line.

Support Lines:
1,38764
1,38505
1,38349
1,38193
1,37940
1,37681

Resistance Lines:
1,39271
1,39529
1,39685
1,39841
1,40099
1,40353

Plan:
We now have some bearish sings and i m not sure if this is just bouncing or we will go bearish. But at this moment we are at interesting point. If we go under Fibonacci Pivot Line we will be going bearish. So that will be my sign to look for trades.

Forex News:
Today once again we will have many Forex news. But honestly only one news is important and that news will have effect on US Dollar. CB Consumer Confidence will be delivered at 16:00 so be very cautious at this time.

Related Posts:

• 1 January 2011 Euro/Dollar Analyze

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• 1 January 2011 Euro/Dollar Analyze