EUR/USD closed higher this week, reaching as far as 1.3187, the big resistance line which proved to be a tough nut to crack. Euro needs a fresh momentum to take out this figure, but I think the further upside is limited due to the emergence of the bearish MACD line in 4 hour chart. But don't rule out a possibility of another climb higher.
Next week will be a very busy week. I prefer euro to consolidate next week, but will only trade when I get the SELL signal:
1- RSI < 50 (both 4-H and 15-M)
2- MACD is in the positive territory (crossed and heading lower)
3-10 EMA line crosses the 5 EMA line
Resistance Line 2 = 1.3220
Resistance Line 1 = 1.3187
Support Line 1 = 1.3145
Support Line 2 = 1.3080-90
Trading within trading range, sell at 1.3180-90, buy at 1.3080-90.
Good luck!
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