4 Hours Chart:

Strong bullish trend. RSI is once again going up and at this moment it is at 58. Trixes are red and going down. As well we have red bearish divergence. They are not going down very fast so swing back up is possible.

Hourly Chart:

Very strong bullish trend. RSI is going up and it is at 58. Slow trix is green for some time. Fast trix is red and is looking to cross over slow trix. We had green bullish divergence but it looks like this is over now.

15 Minute Chart:

Very strong bullish trend. RSI is going up and it is already at 72. It is near overbought zone. We had 2 red bearish divergences and it looks like both of them failed to produce any bearish movement.

5 Minute Chart:

Very strong bullish trend. RSI is going up very fast. It is already near overbought zone. It is at 74. Trixes both changed color to red and are facing to go down.

Fibonacci Pivot Line is at 1,30164 and we have open just few pips above it at 1,30353 and for now are moving between this two lines.

Support Lines:
1,29961
1,29753
1,29624
1,29496
1,29288
1,29080

Resistance Lines:
1,30372
1,30580
1,30709
1,30838
1,31041
1,31249

Plan:
We are slowly going up. There is more and more resistance and maybe we will turn down soon. But for now trend is bullish and it is not smart to trade against trend.

Forex News:
President Obama had a speak at 3:00, but that did not change many things. Most important news are: German Ifo Business Climate, Pending Home Sales m/m, FOMC Statement and FOMC Press Conference. Be very cautious during that time.

We will not trade between:
9:30 – 10:30
13:45 – 14:45
15:30 – 17:00
18:00 – 19:00
19:45 – 20:45

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