Today is Monday and as always you can see our Weekly Forex Analyze in Weekly Forex topic. As well there are today’s 4 Hours Charts and Hourly Charts.

15 Minute Chart:

Very strong bullish trend. RSI is going up very fast and is near overbought zone. Right now it is at 79. Trixes are just crossed and both are green. We already have one very long bullish candle.

5 Minute Chart:

Now we have on this chart neutral trend. RSI is very high inside overbought zone. It is at this moment at 90 and still going up. Trixes are crossed and both are green. Both of this trixes are entering overbought zone.

Fibonacci Pivot Line is at 1,29341 and we have open below it at 1,28780. That was very low opening and since opening we went all the way up to the Fibonacci Pivot Line.

Support Lines:
1,29153
1,28966
1,28849
1,28733
1,28546
1,28359

Resistance Lines:
1,29527
1,29714
1,29830
1,29946
1,30133
1,30320

Plan:
We have some signs of bullish movement on all bigger charts. But we are very high in RSI and other indicators, so we should expect some bounce back down.

Forex News:
Only one news for today and that news will come out at 16:00 and is not really so important. So today we have trading day without news. But maybe media will announce some that will make impact on price.

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