4 Hours Chart:

Very strong bullish trend. RSI is for long time in overbought zone and is still looking to go up. For now it is hanging at 87. We had red bearish divergence but it looks like it was failed one. Fast trix is once again changing color to red and will now cross slow trix which is still green and still going up.

Hourly Chart:

Neutral trend on this chart. RSI is not really going anywhere. It is calm at 62. Trixes are crossed and both are red. They are going down.

15 Minute Chart:

Already visible very strong bearish trend. RSI is as well going down and at this moment it is at 44. We just got red bearish divergence and trixes are about to cross. Both trixes are in red color.

5 Minute Chart:

Mega strong bearish trend. RSI is really fast and is really going to hit oversold zone in few minutes. At this moment it is at 20. Trixes are crossed and both are red. They are going down.

Fibonacci Pivot Line is at 1,29257 and we have open above it at 1,29673 which is maybe too high and now we have bearish movement.

Support Lines:
1,29006
1,28754
1,28598
1,28445
1,28194
1,27939

Resistance Lines:
1,29508
1,29759
1,29911
1,30068
1,30319
1,30572

Plan:
last day in a week and Euro is whole week pumping. Now it looks like it will lose some of that pips he gained during the week. How to trade? Well i m not sure. Maybe be cautious with that bearish movement, but if i get good signal i will join the ride down.

Forex News:
Only 2 news. First one is already out and this could be reason for Euro getting some down force. But second news is even more important and will start at 16:00. I suggest not to enter half hour before and after this news is released.

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