4 Hours Chart and Hourly Chart like always on Monday you can find in our Weekly Forex Analyze topic.

15 Minute Chart:

Bearish trend. But RSI is moving from down to up. It is moving up very fast. Right now it is at 54. Trixes were crossed and both were red. But not for long time, we already have green bullish divergence. And Fast trix have changed color to green.

5 Minute Chart:

Neutral trend. RSI is moving up very fast and it is already at 71. Both trixes are crossed and both are green. Both of them are going up. Fast trix is near overbought zone.

Fibonacci Pivot Line is at 1,31756 and we have open high above it at 1,32260. But since opening we are moving down.

Support Lines:
1,31461
1,31166
1,30980
1,30794
1,30499
1,30196

Resistance Lines:
1,32058
1,32353
1,32539
1,32726
1,33020
1,33323

Plan:
We are waiting for that credit lowering news for several Euro-zone country take a downswing. So far we don’t see this, but that is probably because of traders are speculating.

Forex News:
Some news will be active for whole day. German Prelim CPI m/m and EU Economic Summit. And this two news are at medium importance so we can see big movements during the whole day. For US Dollar news will start at 14:30 and there will be some medium importance news as well. So we should not enter a trade between 14:00  and 15:00.

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