_ Main trend: rising
_ Short-term trend: consolidation
R2: 1.53 bottom of consolidation
R1: 1.50 psychological
S1: 1.48 top
S2: 1.43 tops
S3: 1.40 psychological, consolidations
S4: 1.37 tops
S5: 1.30 psychological, bottom
_ Dollar strengthened to 1.48 level/60-day moving average.
_ MACD is in sideways trend above zero level.
_ Both ROC’s turned downwards. ROC20 broke through zero level.
_ RSI declined below neutral level.
_ Most likely near-term technical scenario is further testing of 1.48. Much more likely is that dollar remain in 1.48 – 1.50 range and eventually return to 1.50 level. Eventual break through 1.8 level will open room for strengthening to 1.43 level.