EUR/USD Main trend: rising

Short-term trend: declining
R1: 1.48 top
S1: 1.43 tops
S2: 1.40 psychological, consolidations
S3: 1.37 tops
S4: 1.30 psychological, bottom

Dollar rebounded from 1.48 level. MACD is in declining trend below zero level. Both ROCs are in sideways trend slightly above zero level. RSI is declining from overbought levels. We may see rebound from 20-day moving average and return to 1.48 level or - more likely (because of declining MACD) - short-term consolidation close to 20-day moving average. Least likely scenario is sharp strengthening of dollar to 1.43 level after breakthrough of 20-day moving average.

/

/