4 Hours Chart:

Very strong bullish trend. RSI is going up and it is already at 66. After very short bearish divergence now we have bullish divergence. Fast trix is swinging back up and is green. Slow trix is still red.

Hourly Chart:

As well on this chart we have mega strong bullish trend. But RSI was inside overbought zone and is now going down very fast. It is already at 39. We had green bullish divergence, but that is over now. Fast trix is changing color to red and is swinging down.

15 Minute Chart:

Strong bullish trend. RSI is going up and it is now at 61. After a long bearish movement and trixes being in bearish mode. Now we have fast trix changing color to green. As well we have green bullish divergence.

5 Minute Chart:

Strong bullish trend. RSI is going up and it is now at 66. We had green bullish divergence and both trixes are green and going up. Fast trix is already near overbought zone.

Fibonacci Pivot Line is at 1,31485 and we have open just few pips below it at 1,31424. But since opening we went up above both lines.

Support Lines:
1,31197
1,30909
1,30732
1,30561
1,30273
1,29985

Resistance Lines:
1,31767
1,32054
1,32232
1,32409
1,32696
1,32978

Plan:
We are going up, but Euro Zone is in real trouble and is facing a new crisis with several countries. As well Standard and Poor say that they will reduce some ratings soon.

Forex News:
Both news that come out for EURO are not in favor of Euro. At this moment we are waiting for new news. But most important news of today is CB Consumer Confidence at 16:00. It will have impact on US Dollar.

We will not enter a trade at this times:
9:30 – 11:30
14:00 – 16:30

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