Follow the markets with 
Taking a look at 4 hours charts, take a look at the last two candles: long down shadows, and closing to the upside: that usually means buyers take there chances in any deep, keeping the pair above the 1.5000 level. Slightly over bought, pair has no signs of a downside correction, as moving averages keep signaling an upside trend. With flat momentum, pair needs to overcome 1.5020 maximum zone to retest the yearly high of 1.5062, and if this last is broken consider 1.5110 area as next target for the pair. supports today come at 1.4950, 1.4910 and finally the 1.4860 area.
Thank you for the EURO analysis. Cheers
Hi Greg, and tks!
Regards
Val
Hi Val. Do U C a EUR top around the 5020 due to the divergence in the daily and weekly momentum charts?
Dear Val,
What do u see the future of eur/usd in the last of this month?
in the same range or
rising high
plz comment
Hi Safwat, the fact is that I stil don’t see clear divergences, or let’s say strong ones, to call for a top in the pair. We need to see a daily close near the 1.4800 level to call for that and seems pretty unlikely for today. Follow stocks and gold, as a downside acceleration there likely to send the pair down.And under today’s low, we could see a depper correction.
Regards
Val
Hi Adnan, to be honest I’m not really convinced with a long term persective. From the fundamental side, Euro should fall, yet technically, there are no signs of such movement. I don’t really expect the pair will hold near or above 1.50 for too long, and I do believe we should see the 1.45 level soon. As comment at the beginning of the day, we are inside an expeculative bubble, that should not last. I will take a look at bigger time frame charts and post what I see!
Regards
Val
dear val
lot of thanks
Many thnx!
You are welcome! my pleasure to see more activity around here. Tks for your comments
Regards
Val