FXstreet.com (Barcelona) - The Euro is back at high levels, reaching 1.5490 today and, according to the ActionForex Technical Team, pressing to a new record high: EUR/USD strengthens again today and reaches as high as 1.5490 so far. But with 1.5493 high remains intact, outlook is unchanged. As discussed before, a short term top is in place at 1.5493 on bearish divergence condition in 4 hours MACD and RSI, after failing to sustain above 61.8% projection of 1.3360 to 1.4966 from 1.4438 at 1.5431.

The ActionForex team affirms that the intradau outlook is neutral: Intraday outlook remains neutral for the moment, with risk of another pull back to 4 hours 55 EMA (now at 1.5261) and probably further to 1.5072 support (38.2% retracement of 1.4438 to 1.5493 at 1.5090).