EUR/USD
_ Main trend: rising
_ Short-term trend: correction
R5: 1.53 bottom of consolidation
R4: 1.50 psychological
R3: 1.48 top
R2: 1.46 low, consolidation
R1: 1.43 tops
S1: 1.40 psychological, consolidations
S2: 1.37 tops
_ Dollar broke through 1.43 level and is rebounding from 1.40 level.
_ MACD turned downwards and sent buy signal for dollar.
_ Both ROCs turned downwards and are below zero level.
_ RSI rebounded from overbought level.
_ Unexpected breakthrough of 1.43 level significantly increased likelihood of trend reversal and further significant strengthening of dollar. However, it must be confirmed by breakthrough of 1.40. Most likely short-term scenario is consolidation in 1.40 – 1.43 range.

width=598

width=598