•  Main trend: rising
  • Short-term trend: decline
    R4: 1.53 bottom of consolidation
    R3: 1.50 psychological
    R2: 1.48 top
    R1: 1.46 low, consolidation
    S1: 1.43 tops
    S2: 1.40 psychological, consolidations
    S3: 1.37 tops
  • Dollar reached 1.43 and 200-day moving average.
  • MACD is in sharp declining trend. It is oversold.
  • Both ROCs are heading downwards and are below zero level.
  • RSI is oversold.
  • 1.43 level/200-day moving average should stop current declining trend. Most likely scenario is return to 1.46 and then consolidation before return to 1.50. Possible breakthrough of 1.43 would change technical picture substantially. In such case, fast decline to psychologically important 1.40 level is likely, with successful testing of this level probable.