4 Hours Chart:

Bullish trend. It looks like Euro hit the ground zero and is now looking to go up. Half lost since Standard and Poor rating lowering to half the Europe is back. RSI is going up and now it is at 70. It is moving fast. Trixes are both green and are about to cross.

Hourly Chart:

Neutral trend. RSI is already deep in overbought zone. It is at 87 and it is still going up. We have active green bullish divergence and both trixes are crossed and green. But trixes are very close to each other.

15 Minute Chart:

Very strong bullish trend. RSI is once again heading towards overbought zone. At this moment it is at 77. As well on this chart we have green bullish divergence and trixes are just crossed. Of course both are green.

5 Minute Chart:

Very strong bullish trend. RSI is going down. At this moment it is at 51. Both trixes change color to red. Fast trix is about to swing down and cross slow trix.

Fibonacci Pivot Line is at 1,26593 and we have open just few lines above at 1,26661. But since opening we are moving up fast. Already we are at resistance line number 4.

Support Lines:
1,26474
1,26355
1,26282
1,26209
1,26091
1,25977

Resistance Lines:
1,26711
1,26830
1,26903
1,26976
1,27094
1,27213

Plan:
It looks like we are moving up. Is this change of trend or juts some bounce back up we will soon see. But for now we should really stick to the trend.

Forex News:
Yesterday ECB President Draghi Speaks event made Euro stronger and today traders are trading like crazy. Today we have several news, many for Euro. Most important is German ZEW Economic Sentiment and i m somehow positive this will make Euro stronger again. Germany is not Euros problem. Problem are other countries that have financial problems.

We will not trade between this times:
10:30 – 11:30
14:00 – 15:00

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