FXstreet.com (Barcelona) - The Euro recorded another all-time high today but, according to the ActionForex Technical Team, could not consolidate at that level: EUR/USD surged to new record high of 1.5493 earlier today but once again failed to sustain above 61.8% projection of 1.3360 to 1.4966 from 1.4438 at 1.5431 and retreats back into established range. Upside momentum for the Euro, in the opinion of the ActionForex team, continues to diminish: Upside moment continues to diminish as seen in bearish divergence condition in 4 hours MACD and RSI. A short term top should be around the corner, if not formed already. Intraday outlook is neutral for the moment.
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